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Business, 06.10.2021 23:20 thederpbro

You own $105,000 worth of Smart Money stock. One year from now, you will receive a dividend of $2.75 per share. You will receive a dividend of $2.90 two years from now. You will sell the stock for $70 per share three years from now. Dividends are taxed at the rate of 40 percent. Assume there is no capital gains tax. The required after tax rate of return is 12 percent. How many shares of stock do you own

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You own $105,000 worth of Smart Money stock. One year from now, you will receive a dividend of $2.75...

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