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You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4,5 percent indefinitely. The company just paid a

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You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4,5 percent indefinitely. The company just paid a dividend of $3.32 and you feet that the required return on the stock is 10.7 percent. What is the price per share of the company's stock? Mutiple Choice $5036 $55.96 $5345 $5316 $3103

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