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Question 13 (8 points) ETP Corp. paid an annual dividend last year of $5 per share. The company follows a policy to raise dividends each
Question 13 (8 points) ETP Corp. paid an annual dividend last year of $5 per share. The company follows a policy to raise dividends each year by 2%. The company will be in business for 8 years and not have a liquidating dividend. The required rate of return for this investment is 10%. What is the price of this stock today? 63.75 28.91 28.34 62.50
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