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7. Solve for the price of the stock today using the following information: a. Dividend in year one: $3 b. Dividend in year two: $4.25

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7. Solve for the price of the stock today using the following information: a. Dividend in year one: $3 b. Dividend in year two: $4.25 c. Dividend in year three: $6.00 d. Selling price in year three: $110 e. Required return on your investment: 12% Note: For all bond problems, assume a $1,000 face value if none is stated in the

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