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Question: 8 how much are you willing to pay for one...

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8. How much are you willing to pay for one share of Jumbo Trout stock if the company is expected to pay an annual dividend of $0.45 at the end of next year, the dividends increase by 3.5 percent annually indefinitely and you require a 10 percent rate of return?

$6.92 Please Show All Work

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