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(CHAPTER 8) Cool Cars Corporation is a public company, and you want to buy a...

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Finance

(CHAPTER 8)

Cool Cars Corporation is a public company, and you want to buy a few shares of its stock. The company generates a 16 percent return across all of its investments. What should the shares of this company sell for in today's market if it pays a constant $4.19 annual dividend per share?

Do NOT use "$" in your answer. Round your answer to TWO decimal places, for example, 10.23

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