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9) A stock is bought for $29 and sold for $36 1 year later, immediately after it has paid a dividend of $3. What is

9) "A stock is bought for $29 and sold for $36 1 year later, immediately after it has paid a dividend of $3. What is the capital gain rate for this transaction? Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, enter 0.05 as an answer."

10) "A stock is expected to pay $11 per share every year indefinitely. The current price of the stock is $400. The equity cost of capital for the company is 8%. What price would an investor be expected to pay per share 2 years into the future? Note: Express your answers in strictly numerical terms. For example, if the answer is $500, enter 500 as an answer."

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