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Q 1 5 ) Ewha Corpjustpaid an annual dividend of $ 1 . 5 per share. Today, the company announced that future dividends will be

15)

Ewha Corpjustpaid an annual dividend of $

1.5

per share. Today, the company

announced that future dividends will be increasing by

8.0

percent annually. If you

require a

10

percent rate of return, how much are you willing to pay to purchase

one share of this stock today?

Answer:

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