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Business, 06.11.2019 06:31 chem1014

Suppose you are thinking of purchasing the stock of moore oil, inc. you expect it to pay a $2 dividend in one year, $2.10 in two years, $2.15 in three years, and you believe that you can sell the stock for $15 at the end of year three. if you require a return of 15% on investments of this risk, what is the maximum you would be willing to pay?
a. $14.6
b. $13.19
c. $13.33
d. $12.15

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