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Majestic Homes' stock traditionally provides 5% rate of return. The company just paid a $2 annual dividend, which is expected to increase by 3% per
Majestic Homes' stock traditionally provides 5% rate of return. The company just paid a $2 annual dividend, which is expected to increase by 3% per year. If you are planning on buying 1,000 shares of this stock next year, how much should you expect to pay per share if the market rate of return for this type of security is 7% at the time of your purchase?
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