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3. The COBA Bank recently announced that they will pay their first annual dividend next year in the amount of 80.85 a share. The dividend

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3. The COBA Bank recently announced that they will pay their first annual dividend next year in the amount of 80.85 a share. The dividend will be increased by 4 percent 47 annually thereafter. How much are you willing to pay for one share of this stock ifs you require a 10 percent rate of return? Por Di r-g - 1 P=0.85 (101-47) P= 14.16 $ x

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