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# Suppose that you just purchased a share of XYZ stock and expected to receive eight dividend payments of $1 over the next eight quarters and then sell...

Suppose that you just purchased a share of XYZ stock and expected to receive eight dividend payments of $1 over the next eight quarters and then sell the stock for $60.

a. Assuming a discount rate of 12% (APR), what is the present value of the investment?