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Mary is seeking your advice about investing in a cell phone company. She wants to invest enough money in the company that she will receive

Mary is seeking your advice about investing in a cell phone company. She wants to invest enough money in the company that she will receive $8,000 a year in dividends. She expects to own the stock for 20 years and sell it for the same price she purchased the stock. Mary wants to earn 9% on all of her stock investments. She can invest $70,000 into the company that will pay her the dividends she desires. What would be your advice to Mary?

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