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6.Bennett Company has a dividend-paying stock that experts predict will pay a $6 annual dividend for the foreseeable future.If your required rate of return is
6.Bennett Company has a dividend-paying stock that experts predict will pay a $6 annual dividend for the foreseeable future.If your required rate of return is 9.5% and you feel that you could sell the stock in 6 years for $135, about what would you be willing to pay for this stock?What if you demand 11% return?Must show work.
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