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Question 18: You are planning to buy shares of the Jolly Green Giant Company, but need a 22% rate of return to compensate for the

Question 18: You are planning to buy shares of the Jolly Green Giant Company, but need a 22% rate of return to compensate for the perceived risk of such ownership. The company pays a constant $14.75 annual dividend per share. Assuming the firm has a 30% tax rate, what is the maximum you are willing to spend per share to buy this stock? (1 Point) $19.32 $23.61 $67.05 $70.94 $81.91

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