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Youngblood Steel and Tube just paid a $2.75 per share dividend. The company pledges to increase its dividend by 2.2 percent indefinitely. How much are

Youngblood Steel and Tube just paid a $2.75 per share dividend. The company pledges to increase its dividend by 2.2 percent indefinitely. How much are you willing to pay to purchase this company's stock today if you require a 5.5 percent return on your investment?

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