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Business, 12.03.2021 15:30 babyash12718

Flex Manufacturing made two announcements concerning its common stock today. First, the company announced that its next annual dividend has been set at $2.90 a share. Second, the company announced that all future dividends will increase by 5.5% annually. What is the maximum amount you should pay to purchase a share of the company's stock if your goal is to earn a 14.5% rate of return

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