Your bank account pays an interest rate of 8 percent.
Question and Solution
Your bank account pays an interest rate of 8 percent. You are considering buying a share of stock XYZ Corporation for
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Your bank account pays an interest rate of 8 percent. You are considering buying a share of stock XYZ Corporation for $110. After 1,2, and 3 years, it will pay a divident of $5. You expect to sell the stock after 3 years for $120. Is XYZ a good investment? Support your answer with calculations.
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