What is the maximum price that you are willing to pay

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You are interested in buying stock in company XYZ and holding the stock for five years. You expect the company to pay the following dividends at the end of each year: $3, $3, $3.10, $3.15, $3.18. If you require a 10% rate of return for holding this stock, what is the maximum price that you are willing to pay?

Reference no: EM132499077

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