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Business, 03.07.2021 01:10 emilyanneK236

Suppose that a share of common stock is expected to pay a $3 dividend one year from now, and thereafter each annual dividend payment will increase by 4% over the prior payment. The effective annual interest rate is 12%. Find the modified duration of this share of stock.

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Suppose that a share of common stock is expected to pay a $3 dividend one year from now, and thereaf...
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