Scheduled to receive
Problem:
You are scheduled to receive $15,000 in two years. When you receive it, you will invest it for six more years at 7.1 percent per year. How much will you have in eight years? Show your all workings.
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What is the value of the stock today (assume the market is in equilibrium with the required return equal to the expected return)? Explain in detail and show all work.
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