A company has paid 2 per share in dividends for the past, Ask an Expert

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A company has paid $2 per share in dividends for the past several years and plans to continue to do so indefinitely. If an investor's required return is 13%, what is the most she should pay for a share of this firm's stock? A: $15.38 B: $20.00 C: $22.60 D: $26.13 E: $65.00

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