Angel recently purchased a block of 100 shares of Hayley's Optical common stock for $6,000.She expects to receive annual dividends of $400 indefinitely from those shares.Assuming a discount rate of 8 percent,how does the price Angel paid compare to the value of the stock?

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The Answer of Angel recently purchased a block of 100 shares of Hayley's Optical common stock for $6,000.She expects to receive annual dividends of $400 indefinitely from those shares.Assuming a discount rate of 8 percent,how does the price Angel paid compare to the value of the stock?

Angel Recently Purchased a Block of 100 Shares of Hayley's