What would be the desired-minimum total selling price

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The anticipated cash dividends for Delta Electronics over the next four years are as follows: $8 in 2013, $9 in 2014, $10 in 2015, and $11 in 2016. In 2012, John is interested in buying some shares of this stock for a total of $100 and will hold them for hour years. If John's interest rate is known to be 8% compounded annually, what would be the desired (minimum) total selling price for the set of shares at the end of the fourth year?

Reference no: EM13206659

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