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Q1 please show work so i can understand the question(: Question 1 8.5 pts Carter Corporation will pay a dividend of $3.10 per share next

Q1 please show work so i can understand the question(: image text in transcribed
Question 1 8.5 pts Carter Corporation will pay a dividend of $3.10 per share next year. The company pledges to increase its dividend by 4.5 percent per year indefinitely. If you require a return of 11 percent on your investment, how much will you pay for the company's stock today? O $38.35 O $26.48 O $64.40 $49.69 O $40.29

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