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Solar Energy, Inc. will pay an annual dividend of $0.85 next year. The company just announced that future dividends will be increasing by 2 percent

Solar Energy, Inc. will pay an annual dividend of $0.85 next year. The company just announced that future dividends will be increasing by 2 percent annually. How much are you willing to pay for one share of this stock if you require a 7 percent return?

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