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You are considering buying a stock that will pay a dividend of $2.3 next year. The dividend is expected to grow at 5.6% per year

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You are considering buying a stock that will pay a dividend of $2.3 next year. The dividend is expected to grow at 5.6% per year forever. The interest rate is 10.6%. What is the price of this stock today (in $ dollars)? $___ > A Moving to another question will save this response. Consider a 5-year bond with a par value of $1,000 and an 9% annual coupon. If interest rates change from 9% to 5% the bond's price will: increase by $__ A Moving to another question will save this response

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