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The rate of return on his stock is 10 percent per year and

Question - My brother is to pay a dividend of $2.80 per year indefinitely. The rate of return on his stock is 10 percent per year, and the stock goes ex-dividend 30 days before dividend payment date. What will be his minimum and maximum stock prices?

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Accounting Basics: The rate of return on his stock is 10 percent per year and

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