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Target stock currently is trading at $30.00 per share. Julie is wondering if she should purchase the companys stock. This past year, Target paid a
Target stock currently is trading at $30.00 per share. Julie is wondering if she should purchase the companys stock. This past year, Target paid a dividend of $2.80. This dividend has grown consistently at 5% each year for the past 6 years and appears to continue. The average rate of return on the market is 8%. Should Julie make the investment?
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