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you are considering buying common stock in Grow On , Inc. You have projected that the next dividend the company will pay will equal $

you are considering buying common stock in Grow On, Inc. You have projected that the next dividend the company will pay will equal $4.80 and that dividends will grow at a rate of 7.0% per year thereafter. If you would want an annual return of 20.0% to invest in this stock, what is the most you should pay for the stock now?
Group of answer choices
$40.34
$39.51
$24.00
$25.68
$36.92

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