What is the maximum amount you should pay

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Problem - Angelina's made two announcements concerning their common stock today. First, the company announced they just paid a dividend at $2.16 a share. Secondly, the company announced that all future dividends increase by 4 percent annually. What is the maximum amount you should pay to purchase a share of Angelina's stock if your goal is to earn a 14 percent rate of return?

Reference no: EM133022859

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