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Widget Inc. has paid an annual dividend of $1.25 per share for some time. Recently the board of directors voted to grow the dividend
Widget Inc. has paid an annual dividend of $1.25 per share for some time. Recently the board of directors voted to grow the dividend by 7% from now on. What is the most you would be willing to pay for a share of Widget if you expect a 10% return on your stock investments? Round to 2 decimal places.
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