Temple Lunch Trucks, Inc. just paid a dividend of $2.00 per share. Dividends are expected...

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Finance

Temple Lunch Trucks, Inc. just paid a dividend of $2.00 per share. Dividends are expected to grow at a rate of 4% from here on out. If the required return on this stock is 9%, what is the most that you should be willing to pay for a share of this stock today?

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