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You invest in a stock that expects to pay dividends each year. You expect to receive $1,200 at the end of the first year, $800
You invest in a stock that expects to pay dividends each year. You expect to receive $1,200 at the end of the first year, $800 at the end of the second year, $900 at the end of the third year, $500 at the end of the fourth year, and $600 at the end of the fifth year in the form of annual dividends. If an annual interest rate is 8%, what is the future value of this uneven cash flow stream?
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