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1). You sister bought a stock for $48 12 years ago. She told you that it had a return of 28.49%. If that is true,
1). You sister bought a stock for $48 12 years ago. She told you that it had a return of 28.49%. If that is true, how much is the stock worth today? (Round to 2 decimal places.)
2). You are looking at an investment that will pay you $26766 in year 2, $44595 in year 4 and $42562 in year 6. If your required return is 9.56%, what is the most you should pay for the investment? (In other words, how much is the project worth today?)
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