Business, 03.02.2020 23:45, angelaencinas90

Jack hammer invests in a stock that will pay dividends of $3.06 at the end of the first year; $3.42 at the end of the second year; and $3.78 at the end of the third year. also, he believes that at the end of the third year he will be able to sell the stock for $56. what is the present value of all future benefits if a discount rate of 13 percent is applied? use appendix b for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (do not round intermediate calculations. round your final answers to 2 decimal places.)

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Jack hammer invests in a stock that will pay dividends of $3.06 at the end of the first year; $3.42...