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Singing Fish Fine Foods has a current annual cash dividend policy of $3.25. The price of the stock is set to yield a return of
Singing Fish Fine Foods has a current annual cash dividend policy of $3.25. The price of the stock is set to yield a return of 10%. What is the price of this stock if the dividend will be paid.
a. for 11 years
b. for 16 years
c. for 41 years
d. for 60 years
e for 100 years
f. forever
Round to the nearest cent
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