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Q22) How much will you pay for a stock which pays a $2 dividend the first year, a $2.10 dividend the second year, and $2.21
Q22) How much will you pay for a stock which pays a $2 dividend the first year, a $2.10 dividend the second year, and $2.21 in the third year if you will sell the stock for $40 after three years, assuming a market capitalization rate of 13%? (Ans. $32.67)
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