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Miller brothers hardware paid an annual dividend of 115 per

Miller Brothers Hardware paid an annual dividend of $1.15 per share last month. Today, the company announced that future dividends will be increasing by 2.6 per cent annually. If you require a 12 per cent rate of return, how much are you willing to pay to purchase one share of this stock today?

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Finance Basics: Miller brothers hardware paid an annual dividend of 115 per

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