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Odell's One-Handed Grabs will pay a dividend of $3.40 per share next year. The company pledges to increase its dividend by 3.25 percent per year
Odell's One-Handed Grabs will pay a dividend of $3.40 per share next year. The company pledges to increase its dividend by 3.25 percent per year indefinitely. If you require a return of 9 percent on your investment, how much will you pay for the companys stock today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Multiple Choice
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$67.56
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$65.71
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$59.13
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$52.48
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$71.58
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