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You want to invest in a stock that pays $6.00 annual cash dividends for the next five years. At the end of the five years,

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You want to invest in a stock that pays $6.00 annual cash dividends for the next five years. At the end of the five years, you will sell the stock for $30.00. If you want to earn 10% on this investment, what is a fair price for this stock if you buy it today? Multiple Choice O O O O $16.55 $18.63 $40.37 $41.37 $22.75

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