The Buy N Large Company paid a quarterly dividend of $0.43 per share last quarter....
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The Buy N Large Company paid a quarterly dividend of $0.43 per share last quarter. Today, the company announced that future dividends will be increasing by 2.6 percent quarterly. If you require a 15 percent rate of return, how much are you willing to pay to purchase one share this stock today? a) $8.23 b) $6.88 c) $3.72 d) $3.55 e) $5.67
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