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You are interested in investing in a British company that expects to grow steadily at an annual rate of 6 percent for the foreseeable future.

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You are interested in investing in a British company that expects to grow steadily at an annual rate of 6 percent for the foreseeable future. The firm paid a dividend of 2.30 last year. If your required rate of return is 10 percent, what is the most you would be willing to pay for this stock? (Round to the nearest Pound). 58 0 61 0 29 0 24

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