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Today, you purchased Hertz Corporation stock, which offers a $1.90 dividend per share one year from now. You require a 12 percent rate of
Today, you purchased Hertz Corporation stock, which offers a $1.90 dividend per share one year from now. You require a 12 percent rate of return and the dividend increases at 3.5 percent annually. What will your capital gain be in dollars on this stock if you sell it three years from now at its intrinsic value?
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