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Ziggs Corporation will pay a $4.80 per share dividend next year. The company pledges to increase its dividend by 4.50 percent per year, indefinitely. Required:

Ziggs Corporation will pay a $4.80 per share dividend next year. The company pledges to increase its dividend by 4.50 percent per year, indefinitely. Required: If you require a 11 percent return on your investment, how much will you pay for the companys stock today?

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