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  3. this morning, the company paid $1.30 per share and

This morning, the company paid $1.30 per share and will maintain this dividend indefinitely. What...

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Finance

This morning, the company paid $1.30 per share and will maintain this dividend indefinitely. What is this stock worth to you if you require a 10% rate of return? Pick the answer closest to the correct value.

a.

$14.23

b.

$12.98

c.

$10.86

d.

$11.11

e.

$11.64

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