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Midwest Corporation Is Expected to Pay an Annual Dividend of $0.45

question 18

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Midwest Corporation is expected to pay an annual dividend of $0.45 per share in the coming year,and to trade for $31.10 at the end of the year.If investments with the same risk as Midwest's stock have an expected return of 8.5%,what is the most you would pay today for Midwest's stock?

Grasp the significance and application of UCC revisions on negotiable instruments.
Understand the distinction between negotiable instruments and non-negotiable documents.
Know the conditions under which an instrument can lose its negotiability.
Recognize the legal significance of signatures and authorization in negotiable instruments.

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