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14. What is the price of a stock which has a dividend of $10.00 payable at the end of each year given an annual effective

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14. What is the price of a stock which has a dividend of $10.00 payable at the end of each year given an annual effective rate of interest of 6%? (Assume that the dividends will last for the next 20 years) A. $ 6.00 B. $ 10.00 C. $ 114.70 D. $ 100.00 E. $ 166.67

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