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6) Jennings, Inc. stock is expected to pay a $0.50 annual dividend at the end of the year and the dividend is expected to grow
6) Jennings, Inc. stock is expected to pay a $0.50 annual dividend at the end of the year and the dividend is expected to grow at a compound rate of 8% in the long run. If the market requires a 10% return, the price of the stock should be approximately A) $25.50 B) $5.00 $27.50 D) $25.00 7) Suppose you buy a new washer and dryer and Sears finances the total cost of $1,200 over a 3-year period, charging 21% interest, compounded monthly. What will be your monthly payments? A) $24.21 B) $45.21 $414.08 D) $326.61
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