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Suppose the company shares pay a dividend of $ 1 per share. If you expect dividends to increase at a rate of 3% per year

Suppose the company shares pay a dividend of $ 1 per share. If you expect dividends to increase at a rate of 3% per year and if the required rate of return is 11%. Determine what the value of the company's shares is

12.95

12.94

12.99

12.88

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