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Last quarter, Tech Inc. paid a dividend of $3 per share. Analysts suggest that the dividend will grow by 5% this year and every year

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Last quarter, Tech Inc. paid a dividend of $3 per share. Analysts suggest that the dividend will grow by 5% this year and every year hereafter. If you require a 10% rate of return, what price would you be willing to pay for a share of Tech Inc. stock? $3.15 $3.30 $63.00 $66.00 None of the above

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