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8. You plan to invest $5,000 at the end of each of the next 10 years in an account that has a 9 percent nominal

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8. You plan to invest $5,000 at the end of each of the next 10 years in an account that has a 9 percent nominal rate with interest compounded daily. How much will be in your account at the end of the 10 years? a. $190,574 b. $179,836 c. $268,064 d. S 77,490 e. $280,221 19. Holmgren Hotels' stock has a required retum of 11 percent. The stock currently pays a dividend of $1.00 per share. The dividend is expected to stay the same for two years. After two years, the dividend is expected to grow at a rate of 7 percent forever. What should be Holmgren's stock price today? a. S 84.80 b. S104.34 c. S 23.42 d. $ 44.13 c. S 17.27 20. Your company's stock sells for $40 per share, its next dividend (D) is $2.00 and its growth rate is a constant 5 percent. What is the firm's cost of equity a. 9.20% b. 10.25% c. 10.50% d. 10,83% c. none of the above

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