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termediate PluuierS Hammer invests in a stock that will pay dividends of $2.00 at the end of the Present v first year; $2.20 0 at
termediate PluuierS Hammer invests in a stock that will pay dividends of $2.00 at the end of the Present v first year; $2.20 0 at the end of the second year, and $2.40 at the end of the third year. o, he believes that at the end of the third year he will be able to sell the stock for 3. What is the present value of all future benefits if a discount rate of 11 percent is applied? (Round all values to two places to the right of the decimal point.)
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