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You plan to buy a dividend paying stock with no growth rate. The most recent dividend paid by the stock is $3.92, and the market

You plan to buy a dividend paying stock with no growth rate. The most recent dividend paid by the stock is $3.92, and the market is using a discount rate of 15% to price the stock. If, after one year, the discount rate remains unchanged, what is the dollar return on your investment that you will realize by selling the stock?

$2.88

$3.23

$4.13

$3.92

none of the above

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