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Miller hardware paid an annual dividend of 110 per share

Miller Hardware paid an annual dividend of $1.10 per share recently. Today, the company announced that future dividends will be increasing by 3.5 percent annually. If you require a 12 percent rate of return, how much are you willing to pay to purchase one share of this stock today?

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Business Management: Miller hardware paid an annual dividend of 110 per share

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Business Management: Miller hardware paid an annual dividend of 110 per share

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