The accompanying diagram shows the anticipated cash dividends for Delta Electronics over the next four years. John
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The accompanying diagram shows the anticipated cash dividends for Delta Electronics over the next four years. John is interested in buying some shares of this stock for a total of $100 and will hold them for four years. If John??s interest rate is known to be 8% compounded annually, what would be the desired (minimum) total selling price for the set of shares at the end of the fourth year?
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X $10 $9 $11 $8 2012 2013 2014 2015 2016 Years P = $100
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