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2. A stock was issued today which is expected to pay an annual dividend of BD 8.00 per share. If the discount rate is 8%,

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2. A stock was issued today which is expected to pay an annual dividend of BD 8.00 per share. If the discount rate is 8%, how much should you pay for the stock? Assume that the stock will go constantly until infinity. (3 marks correct process + 2 marks correct answer) = 5 marks

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