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You want to invest in a stock that pays $6.00 annual cash dividends for the nexi five years. Mo the ond of the five yean,

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You want to invest in a stock that pays $6.00 annual cash dividends for the nexi five years. Mo the ond of the five yean, you will wal the Stock for $30.00. If you want to earn 10% on this investment, what is a fair price for his stlock if you buy it loden? C. $40.37 D. None of these are correct E. $41.37

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