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Today, Monarch Enterprises paid a dividend of $2.81 per share. This indicates th...
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Today, Monarch Enterprises paid a dividend of $2.81 per share. This indicates that the firm’s dividend has tripled over the past 30 years, corresponding to an approximate annual growth rate of 3.730%. Both the CFO and leading analysts expect dividends to continue growing at this same rate indefinitely. If shareholders require a 17.42% annual return, the current stock price of Monarch is closest to:
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