Common stock is perpetual security

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Reference no: EM132012085

1. Common stock is a perpetual security. How, then, can a stock that does not pay dividends have any value?

2. You borrow 9,000 and promise to make payments of 2,684.80 at the end of each year for 5 years. Find the interest rate and show work step by step.

Reference no: EM132012085

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