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Lee Hong Imports paid a$1.00 per share annual dividend last week. Dividends are expected to increase by 5% annually. What is one share of this

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Lee Hong Imports paid a$1.00 per share annual dividend last week. Dividends are expected to increase by 5% annually. What is one share of this stock worth to you today if the appropriate discount rate is 14%? A. $7.14 B. $7.50 C. $11.11 D. $11.67 E. $12.25

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