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Stock X will pay an annual dividend of $ 2 . 1 5 next month. The company just announced that future dividends will increase by

Stock X will pay an annual dividend of $2.15 next month. The company just announced that future dividends will increase by 1.5 percent annually. How much would you pay for one share of this stock if your required return is 14 percent?
A. $15.36
B. $17.20
C. $18.06
D. $16.13

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