Bonnies Ice Cream paid an annual dividend of $6.25 per share last month, and it is anticipated

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Question:

Bonnie’s Ice Cream paid an annual dividend of $6.25 per share last month, and it is anticipated that future dividends will increase by 4% annually. As a shareholder, if you require a 15% return on your investment in Bonnie’s Ice Cream, how much are you willing pay to purchase one share of stock today?