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Miller Brothers Hardware paid an annual dividend of $1.50 per share last month. Today, the company announced that future dividends will be increasing by 3.60

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Miller Brothers Hardware paid an annual dividend of $1.50 per share last month. Today, the company announced that future dividends will be increasing by 3.60 percent annually. If you require a 8.7 percent rate of return, how much are you willing to pay to purchase one share of this stock today? O $31.97 O $4167 O $28.97 O $30.47 O $43.17

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