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Business, 16.03.2020 16:08 itssdaen

You want to purchase some shares of JJ Farms stock but need a 14.5 percent rate of return to compensate for the perceived risk. What is the maximum you are willing to spend per share to buy this stock if the company pays a constant $1.25 annual dividend per share?
a) $9.38
b) $9.11
c) $8.62
d) $9.26
e) $8.47

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