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Salt and Pepper pays a constant annual dividend of $1.30 per share. How much are you willing to pay for one share if you require
Salt and Pepper pays a constant annual dividend of $1.30 per share. How much are you willing to pay for one share if you require a 12% rate of return?
a. | $15.60 |
b. | $13.50 |
c. | $10.83 |
d. | $12.06 |
e. | $9.23 |
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