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Question 22: The Magnolia Market is preparing to pay its first dividends. It is going to pay $1.10 and $1.60 a share over the next

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Question 22: The Magnolia Market is preparing to pay its first dividends. It is going to pay $1.10 and $1.60 a share over the next 2 years, respectively. After that, the company has stated that the annual dividend will be $1.90 per share indefinitely. What is this stock worth per share to you today if you demand a 7% rate of return? (1 Point) O $19.62 OO $25.43 O $27.04 O $28.77 $30.62

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