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Business, 12.11.2019 00:31 GreenHerbz206

Jessica's pharmacy made two announcements concerning their common stock today. first, the company announced the next annual dividend will be $1.48 a share. secondly, all dividends after that will increase by 2.5 percent annually. what is the maximum amount you should pay to purchase a share of this stock if your goal is to earn a 12 percent rate of return?

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