Leslie's Unique Clothing Stores offers a common stock that pays an annual dividend of $2.90 a share.

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Leslie's Unique Clothing Stores offers a common stock that pays an annual dividend of $2.90 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 return of 11.70 percent on your equity investments? Select one: a. $33.93 b. $4.03 c. $8.80 d. $14.60 e. $24.79