Question: Jack Hammer invests in a stock that will pay dividends of $3.14 at the end of the first year, $3.58 at the end of the

Jack Hammer invests in a stock that will pay dividends of

Jack Hammer invests in a stock that will pay dividends of $3.14 at the end of the first year, $3.58 at the end of the second year, and $402 at the end of the third year. Also at the end of the third year he believes he will be able to sell the stock for $64. What is the present value of these future benefits if a discount rate of 14 percent is applied? (Use a Financial calculator to arrive at the answers. Round the final answers to 2 decimal places.) Present value 33.14 $3.58 $4.02 $64.00 0 Total =

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