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Business, 17.06.2021 15:50 alexiannaa

Angelina's made two announcements concerning its common stock today. First, the company announced that its next annual dividend has been set at $2.16 a share. Secondly, the company announced that all future dividends will increase by 4% annually. What is the maximum amount you should pay to purchase a share of Angelina's stock if your goal is to earn a 10% rate of return? A. $21.60
B. $22.46
C. $27.44
D. $34.62
E. $36.00

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