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You are an investor in a gold mine that pays $500 in dividends to you each year forever and your required rate of return is

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You are an investor in a gold mine that pays $500 in dividends to you each year forever and your required rate of return is 5%. You just received the dividends today when you were approached by another investor, who offered to buy the investment from you. Which of the following is the fair price today that you both can agree on? $9,500 $10,000 $10,500 $11,000 None of the above

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