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Please show your work. Aikman Company's latest annual dividend of $3.00 a share was paid yesterday. Though the company's dividend is not in jeopardy, the

Please show your work.

Aikman Company's latest annual dividend of $3.00 a share was paid yesterday.

Though the company's dividend is not in jeopardy, the company sees no growth for its dividends into the foreseeable future.

How much should you be willing to pay for one share of Aikman CO stock if you require a 12 percent return?

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