Question: Give correct and proper answer in step by step mannner 6. Angelina's made two announcements concerning its common stock today. First, the company announced that

Give correct and proper answer in step by step mannner

Give correct and proper answer in step by step mannner 6. Angelina's

6. Angelina's made two announcements concerning its common stock today. First, the company announced that its next annual dividend will be $2.16 per share. Secondly, the company announced that future dividends will increase by 4% annually. What is the maximum amount you should pay to purchase a share of Angelina's stock if your goal is to earn a 10% rate of return

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