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5. A stock just paid a dividend of $4 and is expected to pay a $5 dividend each of the next two years and then

5. A stock just paid a dividend of $4 and is expected to pay a $5 dividend each of the next two years and then be sold at $50. If the required rate of return is 8%, what is the value today? A. $56.84 B. $54.98 C. $53.57 D. $51.78 E. $57.57

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