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King and Queen Auto Parts Inc. has an annual cash dividend policy that raises the dividend each year by 6%. The most recent dividend, Div
King and Queen Auto Parts Inc. has an annual cash dividend policy that raises the dividend each year by 6%. The most recent dividend, Div 0, was $0.45 per share. What is the stock's price if an investor wants a return of 9% ? What is the stock's price if an investor wants a return of 9% ? $ (Round to the nearest cent.)
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