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The Gutenberg Company just paid an $0.80 annual dividend, the dividends increase by 4% annually and you require an 8.0% rate of return. How much

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The Gutenberg Company just paid an $0.80 annual dividend, the dividends increase by 4% annually and you require an 8.0% rate of return. How much are you willing to pay for one share of the stock? Select one: a. $20.40 b. $16.64 c. $21.63 d. $20.80 e. $18.49

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