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Since it started business 10 years ago, Alphafem Company has paid a constant $3.20 per share dividend to its common stockholders. Next year and every

Since it started business 10 years ago, Alphafem Company has paid a constant $3.20 per share dividend to its common stockholders. Next year and every year thereafter, the company plans to increase the dividend at a constant rate equal to 6.5% per year. If investors require a 20% rate of return to purchase Alphafem

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