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Assume that you are considering the purchase of a stock which will pay dividends of $4.50 at the end of the year. Further assume that
Assume that you are considering the purchase of a stock which will pay dividends of $4.50 at the end of the year. Further assume that you will be able to sell the stock for $85.00 one year from today and that your required rate of return is 10 percent. How much would you be willing to pay for the stock today? $89.50 $81.36 $77.83 $94.10 $65.37
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