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Mayfield Inc. will pay a dividend of $3.11 per share next year. The company pledges to increase its dividend by 3.3 percent per year indefinitely.

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Mayfield Inc. will pay a dividend of $3.11 per share next year. The company pledges to increase its dividend by 3.3 percent per year indefinitely. If you require a return of 11 percent on your investment, how much will you pay for the company's stock today? Multiple Choice $34.10 $52.78 $39.20 $49.84 $40.39

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