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Question 6.13 A stock is expected to pay quarterly dividends of $0.50 at the end of each quarter. Five years from now, the investor is

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Question 6.13 A stock is expected to pay quarterly dividends of $0.50 at the end of each quarter. Five years from now, the investor is expected to sell the stock for $15. The investor's annual effective required return is 15%. Determine the current price of the stock

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