Question: A stock will pay you $ 7 . 4 2 per quarter. You plan to hold it for 6 years and think you could sell

A stock will pay you $7.42 per quarter. You plan to hold it for 6 years and think you could sell it for 105.58 at that time. You have done some research and think that the fair return on the stock is 12.32%, how much should you pay for the stock today?
Answer:
A stock will pay you $7.42 per quarter. You plan to

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