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Three Corners Markets just paid an annual dividend of $1.42 a share. Today, the company...

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Accounting

Three Corners Markets just paid an annual dividend of $1.42 a share. Today, the company announced that future dividends will be increasing by 1.3 percent per year indefinitely. If you require a return of 15.4 percent, how much are you willing to pay to purchase one share of this stock today?

Group of answer choices

$14.31

$9.81

$10.20

$12.25

$12.96

Answer & Explanation Solved by verified expert
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