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Amalgamated Industries' common stock sells for $15 per share and is expected to pay dividends of $2.75 per year for 7 years. After 7 years
Amalgamated Industries' common stock sells for $15 per share and is expected to pay dividends of $2.75 per year for 7 years. After 7 years it will go out of business and and the stock will be worthless. If you buy this stock today, what is your expected compound annual rate of return? Question 5 options: 6.66% 7.32% 7.19% 5.86% 5.72%
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