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Three Corners Markets paid an annual dividend of $ 1.37 a share last month. Today, the company announced that future dividends will be increasing by 2.8 percent annually. If you require a return of 11.6 percent, how much are you willing to pay to purchase one share of this stock today?
$ 16.67
$ 16.00
$ 18.23
$ 17.68
$ 15.57
Which one of the following is a source of cash?
Granting credit to a customer
Purchase of inventory
Three Corners Markets paid an annual dividend of $ 1.37 a share last month. Today, the company announced that future dividends will be increasing by 2.8 percent annually. If you require a return of 11.6 percent, how much are you willing to pay to purchase one share of this stock today?