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QUESTION 11 A company has just made a dividend payment of $4.10 per share. The company anticipates that the dividend will increase by 5% annually.

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QUESTION 11 A company has just made a dividend payment of $4.10 per share. The company anticipates that the dividend will increase by 5% annually. What is the maximum amount you should pay to purchase a share of the company's stock if your goal is to eam a 12% rate of return? $57,50 $58.50 O $59.50 $60.50 $61.50

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