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11. How much should an investor pay now for a stock expected to sell for $30 one year from now if: the stock offers a

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11. How much should an investor pay now for a stock expected to sell for $30 one year from now if: the stock offers a $2 dividend, dividends are taxed at 40%, capital gains are taxed at 20%, and a 15% after-tax return is expected on the investment? A. $36.52. B. $26.52. C. $23.78. D. $30.25. E. None of the above

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