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Sia Dance Studios has an annual cash dividend policy that raises the dividend each year by 2%. Last year's dividend, Divo, was $3 per share.

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Sia Dance Studios has an annual cash dividend policy that raises the dividend each year by 2%. Last year's dividend, Divo, was $3 per share. The company will be in business for 40 years with no liquidating dividend. What is the price of this stock if a. an investor wants a return of 9%? b. an investor wants a return of 11%? c. an investor wants a return of 13%

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