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Ranch Company will pay an annual dividend of $3 for the next 12 years and never pay another dividend. What is the most you'd be

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Ranch Company will pay an annual dividend of $3 for the next 12 years and never pay another dividend. What is the most you'd be willing to pay for Ranch Company stock, assuming your required return is 8.5%. 22.03 24.13 021.22 18.76 19.55

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