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Business, 03.03.2020 00:53 ladybugys

Angel recently purchased a block of 100 shares of Hayley's Optical common stock for $6,000. She expects to receive annual dividends of $400 indefinitely from those shares. Assuming a discount rate of 8 percent, how does the price Angel paid compare to the value of the stock?

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Angel recently purchased a block of 100 shares of Hayley's Optical common stock for $6,000. She expe...
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