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You own 200 shares of Loner, Inc. stock. The company announced that it will be issuing a dividend of $.20 a share one year from
You own 200 shares of Loner, Inc. stock. The company announced that it will be issuing a dividend of $.20 a share one year from today followed by a final liquidating dividend of $1.60 a share two years from today. If you can earn 7 percent on your funds, what will be the value of your total investment income in two years if you do not want to receive any funds until then?
$266.67
$247.78
$362.80
$302.30
$348.04
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