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1 pts D Question 6 Assume Aunt Betty plans to buy a share of stock today and hold it for eight years. She will not

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1 pts D Question 6 Assume Aunt Betty plans to buy a share of stock today and hold it for eight years. She will not receive any dividends until the end of the eighth year. The dividend in the eighth year is expected to be $9.00. Also Aunt Betty expects to sell the stock for $100 at the end of the eighth year. The required rate of return is 12%. How much should you pay for the stock today? TO RECEIVE CREDIT FOR THIS QUESTION YOU MUST SHOW BOTH YOUR ANSWER, ROUNDED TO TWO DECIMAL PLACES, AND THE CALCULATIONSYOU USED TO ARRIVE AT THAT

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