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Three corners markets paid an annual dividend of 137 a

Three Corners Markets paid an annual dividend of $1.37 a share last month. Today, the company announced that future dividends will be increasing by 2.8 percent annually. If you require a return of 11.6 percent, how much are you willing to pay to purchase one share of this stock today?

$17.68
$18.23
$16.00
$16.67
$15.57

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Finance Basics: Three corners markets paid an annual dividend of 137 a

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