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QUESTION
I just paid an annual dividend of 2.80 a share and is expected to increase that amount by 4% per year.
I just paid an annual dividend of 2.80 a share and is expected to increase that amount by 4% per year. If you are planning to buy 1000 shares of this stock next year, how much should you expect to pay per share if the market rate of return for this type of security is 11.5% at the time of your purchase?
