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Question 22 (3.5 points) You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $5.60. You have projected

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Question 22 (3.5 points) You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $5.60. You have projected that dividends will grow at a rate of 6.0% per year indefinitely. If you would want an annual return of 12.0% to invest in this stock, what is the most you should pay for the stock now? $108.09 $93.33 $46.67 $49.47 $98.93

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