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1 . Stock A has the following returns for various states of the economy: Stock A ' s expected return is 9 . 6 %

1. Stock A has the following returns for various states of the economy:
Stock A's expected return is
9.6%
8.2%.
5.4%.
7.2%.
2. Red Rock, Inc. declared a dividend last month of $2 per share. Management expects the dividend to increase next year to $3. If the dividend is expected to stay at $3 per year for the foreseeable future, what is the value of the stock to an investor with a required rate of return of 10%?
Group of answer choices
$50.00
$30.00
$7.50
$32.00
Please answer 1 and 2.
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