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Now or Later, Inc. recently paid $2.10 as an annual dividend. Future dividends are projected at $2.2, $2.9 and $4 over the next three years,
Now or Later, Inc. recently paid $2.10 as an annual dividend. Future dividends are projected at $2.2, $2.9 and $4 over the next three years, respectively. At the end of the third year, you expect to sell the stock for $33. The stock of the company is selling for $17 today. How much added wealth is expected from your investment in the stock given that the expected return is 7.7%?
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