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Duane Lee Inc. will pay a dividend of $5 each year for the next 10 years.Thereafter, it will pay no dividends.If you require 12 percent

Duane Lee Inc. will pay a dividend of $5 each year for the next 10 years.Thereafter, it will pay no dividends.If you require 12 percent rate of return, how much is this stock worth to you?

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