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30. You want to invest in a stock that pays $6.00 annual cash dividends for the next five years. At the end of the ve

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30. You want to invest in a stock that pays $6.00 annual cash dividends for the next five years. At the end of the ve years, you will sell the stock for $30.00. If you want to earn 10% on this investment, what is a fair price for this stock if you buy it today? a. $41.37 b. $40.37 c. $22.75 d. $18.63 N: 5 I/Y= 10 PMT= -6 EV: -30 CPT PV= 41.37

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