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A stock with an annual dividend of $2 will be selling at $12 three years later. How much are you willing to pay for the
A stock with an annual dividend of $2 will be selling at $12 three years later. How much are you willing to pay for the stock now? Given a 6% discount rate. *I know the answer is 15.42 but I need to know how to get to it. Please show your work. Thanks*
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Authors: Thomas McCafferty
3rd Edition
0071484795, 978-0071484794
