What is the present value of these future benefits

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Jack Hammer invests in a stock that will pay dividends of $3.08 at the end of the first year; $3.46 at the end of the second year; and $3.84 at the end of the third year. Also at the end of the third year he believes he will be able to sell the stock for $58.

Problem 1: What is the present value of these future benefits if a discount rate of 8 percent is applied?

Reference no: EM132760979

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