n Christina wants to buy stock in a firm and hold...
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Christina wants to buy stock in a firm and hold it for 3 years. According to an analyst's report, the firm will continue to pay a constant annual dividend of $3.75. Christina believes that the stock will appreciate over time, and will be trading at $55 when she plans to sell it. If she requires a 5% rate of return, how much should she pay for the stock
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