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A firm is not expected to pay a dividend for the next three years. If the expected share price of the firm in three years
A firm is not expected to pay a dividend for the next three years. If the expected share price of the firm in three years is $54 and investors require a 10% rate of return, what is the expected share price today? (Round answer to the nearest cent, but dont round intermediate calculations and dont include the dollar sign.)
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