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please show steps. Thank you! The company just paid an annual dividend of $1.42 a share last month. Today, the company announced that future dividends

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The company just paid an annual dividend of $1.42 a share last month. Today, the company announced that future dividends will be increasing by 1.3 percent annually. If you require a return of 14.6 percent, how much are you willing to pay to purchase one share of this stock today? A) $11.23 B) $10.82 C) $10.68 D) $9.68 E) $11.57

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