Dany wants to invest the $10,000 he received from his grandmothers estate. He wants to...
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Finance
Dany wants to invest the $10,000 he received from his grandmothers estate. He wants to use this money to finance his first house which he will purchase in 5 years.
He decides to purchase a stock that costs $50 per share. His projected overall return is 10% per annum. If 8% of that return is derived from share price appreciation, how much of a dividend will he receive per share?
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