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DMX Corporation pays a constant dividend of $10 per share, but the dividend will be paid for only eight more years. In a world with
DMX Corporation pays a constant dividend of $10 per share, but the dividend will be paid for only eight more years. In a world with a required return on this sort of investment of 8%, what is the present value of this stock? What is the stock price? What is the value of this eight-year annuity? [All three of these questions have the same answer!) O $57.47 O $73.60 $60.00 O $51.20 O $53.35
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