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Question(s) / Instruction(s):

You buy a stock for which you expect to receive an annual dividend of $2.10 for the fifteen years that you plan on holding it. After 15 years, you expect to sell the stock for 32.25. What is the present value of a share for this company if you want a 10% return? 7
A) $7.72
B) $15.97
C) $23.69
D) $31.41

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