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You purchased shares of Redwood Foods four years ago. The stock paid a dividend ...
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You purchased shares of Redwood Foods four years ago. The stock paid a dividend of 5.60 at the end of the first year, followed by dividends of 5.58 at the end of years 2 and 3, and then a dividend of 6.08 at the end of year 4. You sold the stock at the end of year 4 for 84.53. If your annual return on this investment was 16.7%, what was the stock price at the time of purchase?
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