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Your broker recommends that you purchase Good Mills at $30. The stock will pay a $2.20 annual dividend, which (like its per share eamings) is

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Your broker recommends that you purchase Good Mills at $30. The stock will pay a $2.20 annual dividend, which (like its per share eamings) is expected to grow annually at 8 percent. If you want to earn 15 percent on your funds, what is the calculated value of the stock and should you buy it? a) $33.94 and don't buy Ob) $31.43 and buy Oc) $31.43 and don't buy d) $33.94 and buy

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