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use interest factor of the future value of a dollar (appendix A in the problem) Problem 16-03 A stock costs $90 and pays a $4

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use interest factor of the future value of a dollar (appendix A in the problem)

Problem 16-03 A stock costs $90 and pays a $4 annual dividend. If you expect to sell the stock after five years for $100, what is your anticipated return on the investment? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number. %

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