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How much are willing to pay for one share of the stock

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Question 1: Solar Energy, Inc. will pay an annual dividend of $1.03 next year. The company just announced that future dividends will be increasing by 3 percent annually. How much are you willing to pay for one share of this stock if you require a 12 percent return? (correct to 2 decimal places)

Reference no: EM132495580

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