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Martin Corporation announced that its next annual dividend will be $1.80 per share and all future dividends will increase (growth) by 4 percent annually. What
Martin Corporation announced that its next annual dividend will be $1.80 per share and all future dividends will increase (growth) by 4 percent annually. What is the maximum amount you should pay to purchase a share of this stock if you require a rate of return of 9 percent?
$26 $28 $36 $39 $32
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