What is the most would be willing to pay for the share

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Question 1: You are interested in investing in a company that expects to grow steadily at an annual rate of 4 percent for the foreseeable future. The company just paid a dividend of $4.00. If your required rate of return is 13 percent p.a., what is the most you would be willing to pay for this share? (Round to the nearest cent; don't use $ sign.)

Reference no: EM132892511

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