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Miles wants to invest in a stock that pays $19 annual cash dividend for the next 7 years. At the end of the 7 years,
Miles wants to invest in a stock that pays $19 annual cash dividend for the next 7 years. At the end of the 7 years, he will sell the stock for $70. If you want to earn 20% on this investment, what is a fair price for this stock, today ?
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HBR Guide To Finance Basics For Managers
Authors: Harvard Business Review
1st Edition
1422187306, 978-1422187302
