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A company is planning on paying $1.5, $1.8, and $2.1 a share over the next 3 years, respectively. At the end of year three, the

A company is planning on paying $1.5, $1.8, and $2.1 a share over the next 3 years, respectively. At the end of year three, the stock price is expected to be $15. What is the market price of this stock if the market rate of return is 11 percent?

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