1. XYZ, Inc. will pay a constant $8.25 dividend per share for the next 13 years and...
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1. XYZ, Inc. will pay a constant $8.25 dividend per share for the next 13 years and then cease to pay dividends for the rest of its existence. If the required rate of return on the stock is 12%, what is the current price? Round to the nearest $0.01.Hint: What is the fair price of any financial asset?
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