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Last week, Fujio company paid its annual dividend of $1.20 per share. The company has been increasing the dividend by 10% each year. How much

Last week, Fujio company paid its annual dividend of $1.20 per share. The company has been increasing the dividend by 10% each year. How much are you willing to pay to purchase stock in his company if your required rate of return is 14%?

a. $4.50

b. $33.00

c. $36.50

d. $5.70

e. none

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