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Assume we can buy a share of stock that pays a dividend of $2 50 at the end of each of the next five years Our expectation is that at the end of the five years we will be able to sell the share for

Assume we can buy a share of stock that pays a dividend of $2.50 at the end of each of the next five years. Our expectation is that at the end of the five years we will be able to sell the share for $87.00. On investments of this type, we seek a return of 7%.
What amount would we be willing to pay for the share of stock today?

May 18 2020 View more View Less

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