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A stock has a price of $126.37 and an expected annual return of 8.23 percent. The stock is expected to pay a constant dividend forever
A stock has a price of $126.37 and an expected annual return of 8.23 percent. The stock is expected to pay a constant dividend forever with the next annual dividend expected in 1 year. What is the present value of the annual dividend that is expected to be paid in 2 years from today? Round your answer to the nearest cent (for example, -123.45 or 98.76
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