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b ) Your broker has advised you to buy shares of Fast repair computer repair shop, which has paid a dividend of $ 2 per

b) Your broker has advised you to buy shares of Fast repair computer repair shop, which has paid a dividend of $2 per share annually and will (according to the broker) continue to do so for many years. The stock is currently priced at $18. You have good reason to think that the appropriate rate of return for this stock is 13% per year. Is the stocks present price a good approximation for the true financial value? What would you like to pay for the share and should you buy or sell now?

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