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Part 1

Singing Fish Fine Foods has a current annual cash dividend policy of

$2.75.

The price of the stock is set to yield a return of

10%.

What is the price of this stock if the dividend will be paid

a.for

12

years?

b.for

16

years?

c.for

40

years?

d.for

60

years?

e.for

100

years?

f.forever?

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Part 1

a.What is the price of this stock if the dividend will be paid for

12

years?

$enter your response here

(Round to the nearest cent.)