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Suppose that the price a stock is bought for is $120. Based on the one-period valuation model of stock prices, if the stock is sold

image text in transcribed Suppose that the price a stock is bought for is $120. Based on the one-period valuation model of stock prices, if the stock is sold a year later at the price $126 and the required rate of return on the equity investments is 12%, then the dividand naid out for the stock is \$ . (Round your response to the nearest penny.) Question Viewer

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