A firm pays a constant annual dividend

A firm pays a constant annual dividend of $1.60 per share on its common stock. How much are you willing to pay for one share of its stock if you want to earn an 11% rate of return?

A firm pays a constant annual dividend of $1.60 per share on its common stock. How much are you willing to pay for one share of its stock if you want to earn an 11% rate of return?

A firm pays a constant annual dividend of $1.60 per share on its common stock. How much are you willing to pay for one share of its stock if you want to earn an 11% rate of return?

A firm pays a constant annual dividend of $1.60 per share on its common stock. How much are you willing to pay for one share of its stock if you want to earn an 11% rate of return?

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