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Security Matters paid an annual dividend of $ 1 . 2 per share last month. Today, the company announced that future dividends will be increasing

Security Matters paid an annual dividend of $1.2 per share last month. Today, the company announced that future dividends will be increasing by 5 percent annually. If you require a 11 percent rate of return, how much are you willing to pay to purchase one share of this stock today?

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