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You are considering investing in a business that promises to pay out annual dividends indefinitely. The business is expected to pay $ 6 , 4
You are considering investing in a business that promises to pay out annual dividends indefinitely. The business is expected to pay $ in dividends at the end of each year, starting from the end of the current year. If the discount rate is annually, calculate the value of the investment now. Please write the answer in two decimal places.
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