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The common stock of South Park pays a quarterly dividend of $1.25 a share. The company has promised to maintain a constant dividend even though

The common stock of South Park pays a quarterly dividend of $1.25 a share. The company has promised to maintain a constant dividend even though economic times are tough. If you want to earn a 15 percent annual return, how much are you willing to pay for one share of this stock? Select one: a. $29.79 b. $13.86 C. $16.89 d. $33.33 e. $9.28

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