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Sanders, Incorporated, paid a $3 dividend per share last year and is expected to continue...

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Sanders, Incorporated, paid a $3 dividend per share last year and is expected to continue to pay out 70% of its earnings as dividends for the foreseeable future. If the firm is expected to generate a 11% return on equity in the future, and if you require a 13% return on the stock, the value of the stock is Multiple Choice O O $19.01 $60.96 O $41.95 O O $31.95

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