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A stock has a price of 74. 11 dollars and an expected annual return of 8.75 percent. The stock is expected to pay a constant

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A stock has a price of 74. 11 dollars and an expected annual return of 8.75 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 7 years from today? Number

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