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Question 8 In one year, a company will pay its annual dividend of $2.85 per...

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Question 8 In one year, a company will pay its annual dividend of $2.85 per share. Then, the company will grow its dividends by 1 percent per year indefinitely. Investors require a 10 percent return. What is the current stock price? Answer to the nearest cent and do not include the $ sign. For example, if the price is $100.25, you should enter 100.25 as the

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