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Quaker Inc. made two announcements concerning its common stock today. First, the company announced that its next annual dividend has been set at $ 2

Quaker Inc. made two announcements concerning its common stock today. First, the company announced that its next annual dividend has been set at $2 a share. Secondly, the company announced that all future dividends will increase by 3% annually. What is the maximum amount you should pay to purchase a share of the companys stock if your goal is to earn a 6% rate of return?
Group of answer choices
$41.60
$52.46
$57.00
$62.00
$66.67

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