Question: I need help with this question please: Lassiter Enterprises pays an annual dividend of $4.80 per share. The economy is tough but Lassiter promises to

I need help with this question please:

Lassiter Enterprises pays an annual dividend of $4.80 per share. The economy is tough but Lassiter promises to continue maintaining this level of dividend every year for the time being. How much are you willing to pay for one share of this stock is you want to earn a 15% annual return?

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