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The Larry Cotton Textile common stock pays an annual dividend of RM1.65 a share. While economic times are rough, the company has vowed to sustain

The Larry Cotton Textile common stock pays an annual dividend of RM1.65 a share. While economic times are rough, the company has vowed to sustain a constant dividend. If Jerry want to earn a 12% annual return, calculate how much he should pay for one share of this stock

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