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Miller Brothers Hardware just paid an annual dividend of $1.15 per share. Today, the company announced that future dividends will be increasing by 2.7 percent

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Miller Brothers Hardware just paid an annual dividend of $1.15 per share. Today, the company announced that future dividends will be increasing by 2.7 percent annually. If you require a 12 percent rate of return, how much are you willing to pay to purchase one share of this stock today? A. $14.23 B. $12.7 C. $12.37 D. $11.47 E. $9.60

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