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stranahan stranahan
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Posts: 3324
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7 years ago
You want to invest in a stock that pays $5.00 annual cash dividends for the next four years. At the end of the four years, you will sell the stock for $20.00. If you want to earn 12% on this investment, what is a fair price for this stock if you buy it today?
A) $25.42
B) $27.90
C) $40.00
D) $43.90
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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Decrepit_Decrepit_
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.
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#3
4 years ago
Thank you!
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#4
3 years ago
Thank you!
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