Robby1618 Robby1618
  • 15-02-2024
  • Business
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You are investing in a stock that will pay a dividend of $6.4 at the end of the first year. The dividend is expected to grow at a rate of 3.89% per year indefinitely. You require a rate of return of 11%. What is the present value of the stock? A) $55.04 B) $60.32 C) $65.81 D) $70.59

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