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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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