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Quantitative Problem: You own a security that provides an annual dividend of $155 forever. The security’s annual return is 7%. What is the present value of this security? Round your answer to the near...

Quantitative Problem: You own a security that provides an annual dividend of $155 forever. The security’s annual return is 7%. What is the present value of this security? Round your answer to the nearest cent.

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pey s Deivi dene (D) heent value pen 155 lo0 $ZRly. 285

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