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The current price of DUMBAs common stock is $25 per share. You plan on buying it today, holding it for 6 years, and then selling
The current price of DUMBAs common stock is $25 per share. You plan on buying it today, holding it for 6 years, and then selling it. You anticipate receiving a dividend per share of $1.00 two years from today, $1.50 three and four years from today, and $3.00 five and six years from today. If you want to earn 12% on your investment, what price must you receive when you sell the stock six years from today
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