What is a fair price for this stock

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Reference no: EM13258515

If you want to inest in a stock that pays $3.50 annual cash dividens for the next six yrs. At the end of the six years, you will sell the stock for $22.50. If you want to earn 12.5% on this investment, what is a fair price for this stock if you buy it today?

Reference no: EM13258515

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