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16. How much would you pay for a stock with the following data? Dividend Year 1 = $1.56 Dividend Year 2 = $1.80 Constant Price

16. How much would you pay for a stock with the following data?

Dividend Year 1 = $1.56

Dividend Year 2 = $1.80

Constant Price Year 2 = $84.00

Discount rate = 8%

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