Question 2: Determine the modified duration of a share of common stock. Dividends are paid...
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Question 2: Determine the modified duration of a share of common stock. Dividends are paid annually starting a year from now. The first dividend X, and dividends will be paid annually after that; the annual growth rate of the dividends is 5%; and the interest rate 8%. A. 22.33 B. 44.33 C. 20.33 D. 33.33 E. 47.33
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