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1. A stock is expected to pay the following dividends per share over the next three years, respectively: $1.50, $1.95 and $2.20. If you
1. A stock is expected to pay the following dividends per share over the next three years, respectively: $1.50, $1.95 and $2.20. If you expect to be able to sell the stock for $54.26 in three years and your required rate of return is 8%, what is the most that you should be willing to pay for a share of this stock today?
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Venture capital and the finance of innovation
Authors: Andrew Metrick
2nd Edition
9781118137888, 470454709, 1118137884, 978-0470454701
