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Assume that a stock pays quarterly dividend of $1.50, and the first payment is today. If the dividends are deposited into an account that earns
Assume that a stock pays quarterly dividend of $1.50, and the first payment is today. If the dividends are deposited into an account that earns , what will be the account balance immediately after the last dividend payment (which is in 6 years)?
i(1) = 6.25percentStep by Step Solution
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