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Today, you see that Insta-Gram Inc. is selling for $57 a share. This stock pays an annual dividend that increases by 3% annually. What is
Today, you see that Insta-Gram Inc. is selling for $57 a share. This stock pays an annual dividend that increases by 3% annually. What is the amount of the dividend per share paid in one year? Assume the market rate of return on this stock is 16.48 percent.
Points: 1
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$7.03
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$7.24
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$7.46
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$7.68
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