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Suppose a stock pays a dividend of $3 per share each year, and you don't expect that dividend to change. a) If you want a

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Suppose a stock pays a dividend of $3 per share each year, and you don't expect that dividend to change. a) If you want a 10% return on your investment, how much should you be willing to pay for the stock? b) The Fed cut the interest rate by 2%, causing required investment return drop to 8%. What's value of a share of stock

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