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The common stock of Dogs Daycare Co. pays an annual dividend of $1.45 per share. The company has promised to maintain a constant dividend. How

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The common stock of Dogs Daycare Co. pays an annual dividend of $1.45 per share. The company has promised to maintain a constant dividend. How much are you willing to pay for one share of this stock if you want to earn an 11 percent annual return? $11.97 $13.18 $14.50 $15.32 $12.86

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