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Jack Hammer invests in 100 shares of Bank of America stock for $3,000 that will pay dividends of $1.00(annually) a share for the next three
- Jack Hammer invests in 100 shares of Bank of America stock for $3,000 that will pay dividends of $1.00(annually) a share for the next three years. What is the present value of all future benefits if a discount rate of 11 percent is applied? (Round to two decimal points).
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