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Question: westpoint company made two announcements concerning its common stock today...

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Westpoint Company made two announcements concerning its common stock today. First, the company announced that its next annual dividend has been set at $1.45 a share. Secondly, the company announced that all future dividends will increase by 5.5% annually. What is the maximum amount you should pay to purchase a share of Westpoint's stock if your goal is to earn a 15% rate of return?

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