How much are you willing to pay for one share of this stock


The Clark Group pays an annual dividend of $5.80 per share. The economy is tough but Clark promises to continue maintaining this level of dividend every year for the time being. How much are you willing to pay for one share of this stock is you want to earn a 14.5% annual return?

Can you please help me answer this question? Thank you so much!

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Finance Basics: How much are you willing to pay for one share of this stock
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