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1. A stocks most recent dividend is $ 2. The dividend is expected to grow by 5.34% and investors require a 9.25 % return for
1. A stocks most recent dividend is $ 2. The dividend is expected to grow by 5.34% and investors require a 9.25 % return for holding the shares. What is the current value of the stock?
2. An investment is paying the holder $2 every quarter forever. If the required rate of return of investors is 11% annually, what is the present value of this investment? (2 decimals)
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