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    munaidu's Avatar
    munaidu Posts: 6, Reputation: 1
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    #1

    Aug 25, 2007, 04:18 PM
    Time Value of Money
    Jack Hammer invests in a stock that will pay dividends of $2.00 at the end of the first year; $2.20 at the end of the second year; and $2.40 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 $33. What is the present value of all future benefits if a discount rate of 11 percent is applied?
    nicespringgirl's Avatar
    nicespringgirl Posts: 1,237, Reputation: 187
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    #2

    Aug 25, 2007, 04:25 PM
    Someone please move this post to finance.
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #3

    Aug 25, 2007, 10:42 PM
    Greetings and WELCOME to the site! You have just posted to the Introductions section of this site. This section is for introductions only and not questions. You might want to consider posting your question on the following link: https://www.askmehelpdesk.com/newthr...ewthread&f=411

    But, please be aware of the following from https://www.askmehelpdesk.com/math-s...board-b-u.html

    Read this first: Expectations for the Homework Help board

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    Do not simply retype or paste a question from your book or study material

    We won't do your homework questions for you.
    You were given the assignment for you to learn.

    If you come up with your own answer and post it for us to critique that is within reason.

    If you have some SPECIFIC questions that you couldn't find or didn't understand, we may help with that.
    But this is your assignment, so show us you have at least attempted to complete it on your own.

    Thank you.
    munaidu's Avatar
    munaidu Posts: 6, Reputation: 1
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    #4

    Aug 25, 2007, 10:48 PM
    Fair enough. I reposted this question in the Finance forum. I will post my attempt in that section. Thanks
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #5

    Aug 25, 2007, 11:07 PM
    Quote Originally Posted by munaidu
    Fair enough. I reposted this question in the Finance forum. I will post my attempt in that section. Thanks
    Great job! I am glad that you did that!
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