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  3. a new common stock issue that paid a $1.74 dividen

A new common stock issue that paid a $1.74 dividend last year. The par value...

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Accounting

A new common stock issue that paid a $1.74 dividend last year. The par value of the stock is $16 , and the firms dividends per share have grown at a rate of 7.3% per year. This growth rate is expected to contiue into the foreseeable future. The price of this stock now is $28.08

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