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A share of common stock of Bishop Art Supplies, Inc. (BASI) is expected to pay the following dividends at t=1 through t=6, respectively: $2.00, $2.20,

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A share of common stock of Bishop Art Supplies, Inc. (BASI) is expected to pay the following dividends at t=1 through t=6, respectively: $2.00, $2.20, $1.80, $2.60, $3.60, $3.00. The anticipated selling price at t = 6 {immediately after Div6 occurs} is $30.00. Using a required return of 9.00%, calculate a fair price for BASI stock today. a Answer: A fair price for BASI stock is $

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