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2. Stock Valuation A stock is expected to pay a dividend of $4.00 per share in year 1 and $5.00 per share in year 2

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2. Stock Valuation A stock is expected to pay a dividend of $4.00 per share in year 1 and $5.00 per share in year 2 . The stock price after two years is expected to be $80 per share. The equity cost of capital is 10%, whereas the risk-free rate is 3%. What is the current stock price

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