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Problem 11-02 Last year Artworks, Inc. paid a dividend of $1.30. You anticipate that the company's growth rate is 4 percent and have a required

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Problem 11-02 Last year Artworks, Inc. paid a dividend of $1.30. You anticipate that the company's growth rate is 4 percent and have a required rate of percent for this type of equity investment. What is the maximum prike you would be willing to pay for the stodk? Round yur anmer to

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