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Question 16 (1 point) A share of common stock just paid an annual dividend of $1. If the expected long-run annual dividend growth rate for

Question 16 (1 point) A share of common stock just paid an annual dividend of $1. If the expected long-run annual dividend growth rate for this stock is 3% and investors require a 7% rate of return, what is the most an investor should pay for this stock today? Round to the nearest penny. Your Answer: Answer
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Question 16 ( 1 point) A share of common stock just paid an annual dividend of $1. If the expected long-run annual dividend growth rate for this stock is 3% and investors require a 7% rate of return, what is the most an investor should pay for this stock today? Round to the nearest penny. Your

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