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Save Answer A company has just made a dividend payment of $ 4 . 3 0 per share. The company anticipates that the dividend will

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A company has just made a dividend payment of $4.30 per share. The company anticipates that the dividend will increase by 4.8% annually. What is the maximum amount you should pay to purchase a share of the company's stock if your goal is to earn a 12% rate of return?
$70.06
$67.57
$65.08
$62.59
$60.10
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