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Mayfield Inc. will pay a dividend of $2.79 per share next year. The company pledges to increase its dividend by 3.2 percent per year indefinitely.
Mayfield Inc. will pay a dividend of $2.79 per share next year. The company pledges to increase its dividend by 3.2 percent per year indefinitely. If you require a return of 9 percent on your investment, how much will you pay for the company's stock today? (Do not round intermediate calculations and round your final answer to two decimal places.) Multiple Choice O $49.64 O $40.39 O $48.10 $46.29 $44.28
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