Question: Anderson, Inc., announced that it will pay shareholders a dividend of $5.75 at the end of the year. Future dividends will increase at a rate

Anderson, Inc., announced that it will pay shareholders a dividend of $5.75 at the end of the year. Future dividends will increase at a rate of 2.000%. If an investor should require a return of 9.350% on Andersons shares, what is the fair value of a share of stock in Anderson, Inc? Round answers to three decimal places

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