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You are considering the purchase of a stock with the following characteristics: the current price is $43, and you expect three annual dividends of $1.50,
You are considering the purchase of a stock with the following characteristics: the current price is $43, and you expect three annual dividends of $1.50, $1.60 and $1.70, and at the end of three years you anticipate the stock will sell for $55. What is the AYTM of the stock?
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Public Finance In Canada
Authors: Harvey S. Rosen, Wen, Snoddon
4th Canadian Edition
0070071837, 978-0070071834
