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You are considering buying a share of stock which you expect to pay a dividend at the end of each of the next five years.
You are considering buying a share of stock which you expect to pay a dividend at the end of each of the next five years. As soon as you receive the last dividend, you
plan to sell the stock. The dividends and expected selling price are shown in the table below. Use the required return in the table as your discount rate
What is this investment worth in today's money?
Enter your answer as a number with four decimal places but without the currency symbol, like this:
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You plan to deposit amounts as shown at the beginning of this year, and at the beginning of every year until five year from now, into a bank which will give you annual
interest. The following table shows your deposits and timing. The interest rate is at the top of the table:
What will be your bank balance at the end of the fifth year?
Enter your answer as a number with four decimal places but without the currency symbol, like this:
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