Question: Question 17 (4 points) Listen You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $8.40. You have

Question 17 (4 points) Listen You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $8.40. You have projected that dividends will grow at a rate of 9.0% per year indefinitely. If you want an annual return of 16.0%, what is the most you should pay for the stock now? $142.90 $120.00 $52.50 $57.23 $130.80

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