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need help please 5) Two years ago, Anna paid $16,000 for 100 shares of common stock in the Cucumber Company. She obtained a cash dividend
need help please
5) Two years ago, Anna paid $16,000 for 100 shares of common stock in the Cucumber Company. She obtained a cash dividend of $600 at the end of each year for the next two years. At the end of the second year, she sold the stock for $18,000 in cash. Using a discount rate (required rate of return) of 12%, what is the net present value of Anna's investment Step by Step Solution
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