What is the most you would be willing to pay for the stock

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You are considering purchasing a stock in Oral Cal Corp (OCC). The company just paid a dividend of $1.85 per share. OCC has historically increased the dividends by 6% each year. Based upon the risk of the company, the required rate of return is 18%. What is the most you would be willing to pay for the stock today?

Reference no: EM132594807

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