Five Star Corporation will pay a dividend of $ 3 . 9 5 per share next year.
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Question:
Five Star Corporation will pay a dividend of $ per share next year. The company pledges to increase its dividend by percent per year, indefinitely. If you require a return of percent on your investment, how much will you pay for the companys stock today?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
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