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4) You have been offered an investment opportunity to buy a stock in XYZ bank, the estimated discount rate is equal to 9%, the chairman

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4) You have been offered an investment opportunity to buy a stock in XYZ bank, the estimated discount rate is equal to 9%, the chairman of board of directors announced that the bank will increase the dividends by 3% annually, the dividends paid five years ago were JD 1.00, what is the fair price that you are willing to pay for that stock

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