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Question 5 (1 point) The stock of a firm will pay a dividend of $19 a year from now. The dividend paid by the firm

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Question 5 (1 point) The stock of a firm will pay a dividend of $19 a year from now. The dividend paid by the firm will increase at a rate 3% every year. The dividends are discounted at a rate of 8.90% every year. What is the price of the stock today? Your Answer: Answer Question 6 (1 point) You have purchased a house for $410,000 and taken a loan that is to be repaid in 180 equal monthly payments beginning next month (15 year loan). The interest rate charged is 0.37% monthly. What are your monthly payments? Your

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