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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.) t CF(t) 1 $0.25 2 $0.25 3 $0.25 4 $0.60 5 10.60 6 $0.60

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