Find what is the present value of all future benefits

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Problem 1: Jack and Jill invest in a stock that will pay dividends of $2.00 at the end of year 1: $2.20 at the end of the second year; and $2.40 at the end of the third year. They expect to sell the stock at 33 at the end of year 3. What is the present value of all future benefits if a discount rate of 11% applied?

Reference no: EM132641465

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