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You want to invest in a stock that pays $3.50 annual cash dividends for the next six years. The growth rate is 5 %. If

You want to invest in a stock that pays $3.50 annual cash dividends for the next six years. The growth rate is 5 %. If you want to earn 10.0% on this investment, what is a fair price for this stock if you buy it today! $ 17.90 $ 19 35 $21.25 $ 12/30

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