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Suppose you are thinking of purchasing the stock of Moore Oil, Inc. You expect it to pay a $2 dividend in one year, and you
Suppose you are thinking of purchasing the stock of Moore Oil, Inc. You expect it to pay a $2 dividend in one year, and you believe that you will be able to sell the stock for $14 at that time. If you require an annual return of 20% on investments of this risk, what is the maximum you would be willing to pay
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