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This year, Hope Corporation paid a dividend of $0.75 per share. The company expects dividends to increase at an annual rate of 4.5% forever. If

This year, Hope Corporation paid a dividend of $0.75 per share. The company expects dividends to increase at an annual rate of 4.5% forever. If investors require a return of 15%, what is the value of a Hope Corporation share today?

$5.00

$0.75

$8.21

$7.46

$7.14

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