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Take Time Corporation will pay a dividend of $6 per share next year. The company pledges to increase its dividend by 3 percent per year,

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Take Time Corporation will pay a dividend of $6 per share next year. The company pledges to increase its dividend by 3 percent per year, indefinitely. If you require a returm of 15 percent on your investment, how much will you pay for the company's stock? S90 S60 $70 S50

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