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Sammy decides to buy a stock that pays an annual dividend of $4.52. Lets assume the interest rate is 2.33%. What is the present value

  1. Sammy decides to buy a stock that pays an annual dividend of $4.52. Lets assume the interest rate is 2.33%. What is the present value of this?

A.

$98.52

B.

$150.00

C.

$193.99

D.

There is no way to calculate this as the dividend is paid forever.

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