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Maple Co. has relatively stable earnings and pays an annual dividend of $2.8 per share. This dividend has remained constant over the past few years

Maple Co. has relatively stable earnings and pays an annual dividend of $2.8 per share. This dividend has remained constant over the past few years and is expected to remain constant for the future. If you want to earn 10% on an investment in this common stock, how much should you pay to purchase each share of stock?

$28.00

$33.60

$23.33

$12.44

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