Home Best stock traditionally provides an 8% rate of return. The company just paid a $2 a
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Question:
Home Best stock traditionally provides an 8% rate of return. The company just paid a $2 a year dividend which is expected to increase by 5% per year. If you are planning on buying 1,000 shares of this stock in two years, how much should you expect to pay per share if the market rate of return for this type of security is 7% at the time of your purchase? Due today
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