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White wedding corporation will pay $3.05 per share dividend next year. The company pledges to increse its dividends by 5.25% per year indefinetely.

White wedding corporation will pay $3.05 per share dividend next year. The company pledges to increse its dividends by 5.25% per year indefinetely. If you require an 11% return on your investment, how much will you pay for the company's stock today?
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Finance-8095727.xls

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