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11. Amazon is expected to pay dividends of $1.20 every six months for the next three years. If the current price of Amazon stock is
11. Amazon is expected to pay dividends of $1.20 every six months for the next three years. If the current price of Amazon stock is $22.60, and Amazon's equity cost of capital is 10%, what price would you expect Amazon's stock to sell for at the end of three years? A) $22.12 B) $32.76 C) $35.25 D) $34.64
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