Suppose you want to buy a stock, which will pay $1 dividend in next year, the price

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Suppose you want to buy a stock, which will pay $1 dividend in next year, the price of this stock will be $55 in next year. How much are you willing to pay for this stock today, if your required rate for investment is 14%?

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Financial Markets And Institutions

ISBN: 9781292215006

9th Global Edition

Authors: Stanley Eakins Frederic Mishkin

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