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Brandywine Fine Wines just paid an annual dividend of $9.35 per share. Future dividends are...

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Accounting

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Brandywine Fine Wines just paid an annual dividend of $9.35 per share. Future dividends are expected to increase by 2.5 percent annually. What is one share of this stock worth at a required rate of return of 12 percent? A. $102.34 B. \$98.42 C. $100.88 D. $77.92 E. \$95.02

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