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Assume the XY Company is paying a quarterly dividend of $0.60 and has decided to...

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Accounting

Assume the XY Company is paying a quarterly dividend of $0.60 and has decided to pay the same amount forever. If Ali wants to earn an annual rate of return of 11% on this investment, how much should he offer to buy the stock at?

--------------- I do not want a detailed answer. I just want the final answer as soon as possible. Solve quickly I get you thumbs up directly Thank's Abdul-Rahim Taysir

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