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You buy a stock for which you expect to receive an annual dividend of $2.10 for the fifteen years that you plan on holding it.
You buy a stock for which you expect to receive an annual dividend of $2.10 for the fifteen years that you plan on holding it. After 15 years, you expect to sell the stock for $32.25. What is the price of the stock today if you want a 10% return? O 1) 23.69 2) 7.72 3) 15.97 4) 31.41
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