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What would be the maximum an investor should pay for the common stock of a firm that has no growth opportunities but pays a dividend

What would be the maximum an investor should pay for the common stock of a firm that has no growth opportunities but pays a dividend of $1.36 per year? The required rate of return is 12.5 percent.

$11.24

$9.52

$10.88

$10.64

$11.47

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