How much are you willing to pay to purchase stock

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Last week, Hansen Delivery paid its annual dividend of $1.20 per share. The company has been reducing the dividends by 12 percent each year. How much are you willing to pay to purchase stock in this company if your required rate of return is 14 percent? $15.36 $7.54 $8.80 $4.06 $31.20

Reference no: EM13275377

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