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# Miller Brothers Hardware paid an annual dividend of \$0.95 per share last month. Today, the company announced that future dividends will be increasing...

Miller Brothers Hardware paid an annual dividend of \$0.95 per share last month. Today, the company announced that future dividends will be increasing by 2.6 percent annually. If you require a 13 percent rate of return, how much are you willing to pay to purchase one share of this stock today?
\$9.37
\$9.67
\$9.72
\$9.88

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Question:
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