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You want to invest in a stock that pays a $3.00 annual cash dividend for the next six years. At the end of that time,

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You want to invest in a stock that pays a $3.00 annual cash dividend for the next six years. At the end of that time, you will sell the stock for $100.00. If you want to earn 9% on this investment, what is a fair price for this stock if you buy today? 573.08 5105.24 5151.55 $126.29 587.70

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