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Whistle Stop expects its current annual $4.76 per share common stock dividend to remain the same for the foreseeable future. Therefore, the value of the

Whistle Stop expects its current annual $4.76 per share common stock dividend to remain the same for the foreseeable future. Therefore, the value of the stock to an investor with a required return of 12% is

$33.67

$28.33.

$39.67

$43.13

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