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XYZ stock is trading at $204.60. Based on experience, I believe the stock will provide annual dividends of $2.24 per share, and I would be
XYZ stock is trading at $204.60. Based on experience, I believe the stock will provide annual dividends of $2.24 per share, and I would be able to sell it in three years for $250.12.
If the opportunity cost of capital is 8%, what is the net present value of purchasing a share of XYZ?
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