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A company's stock has quarterly dividends that are expected to be as shown in the table for the next 6 quarters. At the end of

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A company's stock has quarterly dividends that are expected to be as shown in the table for the next 6 quarters. At the end of the 6th quarter, the stock is expected to sell for $32. If the required rate of return on the stock is 9%, how much would you pay for the stock today? (Round your answer.) CF(t) 1 $0.25 N $0.25 3 3 $0.25 4 $0.60 15 5 $0.60 6 $0.60 $1.72 $29.47 $30.76 $30.33

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