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On January 1, 2020, Intel Corp's stock traded for $59.85. Assume Intel will pay $0.315/quarter in 2020 (four payments, one each quarter). Further assume that
On January 1, 2020, Intel Corp's stock traded for $59.85. Assume Intel will pay $0.315/quarter in 2020 (four payments, one each quarter). Further assume that the prevalling Interest rate is 0.5% per quarter (.e., 2.015% effective per annum (EAR)). If you bough Intel stock on January 1, 2020, at what price would you have to be able to sell Intel stock at the end of 2020 in order to break even? Select one: O a. $55.2250 O b. $62.3424 O c. $55.7534 d. $59.7865 Give your reasons B B 1 A ED
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