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2. You expect Crane Service Inc. to pay a dividend of $2 per share one year from today and a dividend of $3 per share

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2. You expect Crane Service Inc. to pay a dividend of $2 per share one year from today and a dividend of $3 per share two years from today. The current market price of Crane Service stock is $20. If your annual required return on Crane Service stock is 12 %, what do you expect the value of the stock at the end of year two to be at least if you are willing to buy the stock today? (1 extra point)

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