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5 pts Mike believes that he has found a perfect stock and wants to purchase it. He believes that the stock will pay a dividend

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5 pts Mike believes that he has found a perfect stock and wants to purchase it. He believes that the stock will pay a dividend of $3, one year from today and $4, two years from today. Mike believes that he will be able to sell the stock for $37 two years from today, immediately after he receives the second dividend. If the expected rate of return on the company's equity is 14%, what should Mike be willing to pay for the stock today

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