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The Waffle Shop pays a constant annual dividend of $2.25 per share. If you require a 12 percent rate of return, how much are you

The Waffle Shop pays a constant annual dividend of $2.25 per share. If you require a 12 percent rate of return, how much are you willing to pay for one share? $12.87 None of the answers is correct $18.75 O $8.33 O $27.00

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