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A stock has an odd dividend policy. It plans on paying a dividend of $50 per year for the next 20 years and then it

A stock has an odd dividend policy. It plans on paying a dividend of $50 per year for the next 20 years and then it will stop. How much would you pay for this stock if you require a 13% return? a. $301.76 b. $351.24 c. $407.29 d. $451.11

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