7.15
a
=1.8*(1.08/1.11)+1.8*(1.08/1.11)^2+1.8*(1.08/1.11)^3+1.8*(1.08/1.11)^3*1.05/(11%-5%)
=34.12768
7.16
a
=42500/18%
=236111.11111
Letter A only 208 PART 2 Financial Tools for Firms and Investors 65 7-15 Common stock...
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