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16. Company ABC will pay a dividend of $1.22 one year from now, which is expected to grow indefinitely at 5%. If the required rate

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16. Company ABC will pay a dividend of $1.22 one year from now, which is expected to grow indefinitely at 5%. If the required rate of return is 11%, what is the fair price of the stock according to the Dividend Discount Model? 17. Consider a zero-coupon bond, with face value equal to USD1,000, bought by USD 756, five years before maturity. What is the Yield-to-Maturity? 18. An investor bought 1 share of Apple one year ago, paying 110 USD for it. Today, this investor received a 3 USD dividend and immediately after sold the share for 135 USD. What is the investor's arithmetic rate of return

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