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​Four Corners Markets paid an annual dividend of $1.42 a share last month.


Four Corners Markets paid an annual dividend of $1.42 a share last month. Today, the company announced that future dividends will be increasing by 1.3 percent annually. If you require a return of 14.6 percent, how much are you willing to pay to purchase one share of this stock today? 

Would you buy the stock for $11/share? Explain. 

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jeff jeffy answered 2 years ago
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