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Question 12 1 pts Michael's, Incorporated, just paid $3.70 to its shareholders as the annual...

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Question 12 1 pts Michael's, Incorporated, just paid $3.70 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing by 4.2 percent. If you require a rate of return of 12 percent, how much are you willing to pay today to purchase one share of the company's stock? $53.14 O $47.44 O $34.53 O $98.67

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