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QUESTION 6 We expect a stock to pay a $1.00 dividend increasing 4% annually. If we anticipate the price of the stock to be $65.00

QUESTION 6 We expect a stock to pay a $1.00 dividend increasing 4% annually. If we anticipate the price of the stock to be $65.00 in year 3 and require a 8.5% return what would we pay for the stock today? $47.60 $58.25 553.54

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