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Current Price Assignment | Homework For You

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May 28th, 2020

1. You wish to have $3,000,000 saved in your retirement account by the time you retire and you plan on retiring in 45 years. If you can earn 6 percent per year on your money, how much must you deposit each month, with your first deposit occurring one month from now, for you to have $3,000,000 in 45 years?Homework For You

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2. A share of preferred stock has a required rate of return of 11 percent and is paying annual dividends of $15 per share. What is its current price?Get Finance homework help today

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