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Paradise Prototyping Company has a policy of paying a $3.50 per-share dividend every year. If this policy is to be continued indefinitely, what is the

Paradise Prototyping Company has a policy of paying a $3.50 per-share dividend every year. If this policy is to be continued indefinitely, what is the value of a share of stock if the required return is 8.2%?

a. $40.66

b. $39.00

c. $42.68

d. $22.07

e. $22.08

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