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Business, 29.04.2021 19:40 bella4269

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 $4.02 at the end of the third year. Also, he believes that at the end of the third year he will be able to sell the stock for $64. What is the present value of all future benefits if a discount rate of 14 percent is applied

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Jack Hammer invests in a stock that will pay dividends of $3.14 at the end of the first year; $3.58...
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