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The common stock of a company pays an annual dividend of $2.40 a share. The company has promised to maintain a constant dividend even though
The common stock of a company pays an annual dividend of $2.40 a share. The company has promised to maintain a constant dividend even though economic times are tough. How much are you willing to pay for one share of this stock if you want to earn a 6 percent annual return?
$39.28
$40.00
$42.63
$48.26
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