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Miller Brothers Hardware paid an annual dividend of $1.80 per share last month. Today, the company announced that future dividends will be increasing by 3.20
Miller Brothers Hardware paid an annual dividend of $1.80 per share last month. Today, the company announced that future dividends will be increasing by 3.20 percent annually. If you require a 9.5 percent rate of return, how much are you willing to pay to purchase one share of this stock today?a) $27.69 b) $56.25 c) $58.05 d) $29.49 e) $31.29
a) $27.69
b) $56.25
c) $58.05
d) $29.49
e) $31.29
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