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XYZ recently paid a per share dividend of $1.48. Dividends are expected to increase by 2.5 percent annually. What is one share of this stock

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XYZ recently paid a per share dividend of $1.48. Dividends are expected to increase by 2.5 percent annually. What is one share of this stock worth at end of year 1 if the appropriate discount rate is 14 percent? a. $14.16 b. $13.19 c. $13.04 O d. $12.25 e. $13.52

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