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Stock A pays a dividend of $3 per share every year. The discount rate is 10% and the return on equity is 25%. If you

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Stock A pays a dividend of $3 per share every year. The discount rate is 10% and the return on equity is 25%. If you want to buy stock A at year 1 and hold it for 5 years, what is the price you have to pay at year 1 (P1)? Select one: O a. $30.00 b. $33.00 c. $36.00 d. $40.00 e. None of the above

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