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Business, 19.02.2021 05:10 reemoe

Jack Hammer invests in a stock that will pay dividends of $3.17 at the end of the first year; $3.64 at the end of the second year; and $4.11 at the end of the third year. Also, he believes that at the end of the third year he will be able to sell the stock for $67. What is the present value of all future benefits if a discount rate of 10 percent is applied

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Jack Hammer invests in a stock that will pay dividends of $3.17 at the end of the first year; $3.64...
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