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What is the most would be willing to pay for stock

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Reference no: EM132487823

You are interested in investing in a company that expects to grow steadily at an annual rate of 6 percent for the foreseeable future. The firm will pay a dividend of $2.30 next year. If your discount rate is 10 percent, what is the most you would be willing to pay for this stock? (Round to the nearest dollar.)

Reference no: EM132487823

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