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A stock promises to pay dividends of $10 for the next five years. You expect the price of this stock two years from now to
A stock promises to pay dividends of $10 for the next five years. You expect the price of this stock two years from now to be $100. You require a rate of return of 25 percent from this stock. You want to buy this stock today and sell it after two years. How much are you willing to pay for it? $75.60 $76.80 $74.90 $78.40 $80.00
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