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You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $8.20. 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 $8.20. You have projected that dividends will grow at a rate of 7.0% per year indefinitely. If you want an annual return of 13.0%, what is the most you should pay for the stock now? $63.08 O$136.67 O $146.23 $67.49 O $159.77

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