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You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $3.80. You have projected that dividends will grow

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You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $3.80. You have projected that dividends will grow at a rate of 10.0% per year indefinitely. If you want an annual return of 16.0%, what is the most you should pay for the stock now? $26.13 $63.33 $23.75 $69.67 $76.11

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