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Question 25 1 pts Michael's, Incorporated, just paid $1.80 to its shareholders as the annual dividend. Simultaneously. the company announced that future dividends will be

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Question 25 1 pts Michael's, Incorporated, just paid $1.80 to its shareholders as the annual dividend. Simultaneously. the company announced that future dividends will be increasing by 4 percent. If you require a rate of return of 8.2 percent, how much are you willing to pay today to purchase one share of the company's stock? $15.34 $22.29 $22.83 $44.57 $46.37

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