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Leslie's Unique Clothing Stores offers a common stock that pays an annual dividend of $3.40 a share. The company has promised to maintain a constant

Leslie's Unique Clothing Stores offers a common stock that pays an annual dividend of $3.40 a share. The company has promised to maintain a constant dividend. How much are you willing to pay for one share of this stock if you want to earn a 10.50 percent return on your equity investments?

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