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An investment offers $495 per year forever, with the first payment occurring today. If the interest rate is 7 % (per year, with annual interest
An investment offers $495 per year forever, with the first payment occurring today. If the interest rate is 7 % (per year, with annual interest compounding), the value of the entire investment today is $ (Round your answer to three decimal places. For example 1.23450 or 1.23463 will be rounded to 1.235 while 1.23448 will be rounded to 1.234) Question 27 2 pts CHS Inc preferred stock promises $6 dividend that does not change year to year. Estimate the stock price if investors require a 4.3% annual return {Round your answer to three decimal places. For example 1.23450 or 1.23463 will be rounded to 1.235 while 1.23448 will be rounded to 1.234)
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