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A share of ABC is expected to pay $1.84 of dividends in 1-year from now, $1.93 2-years from now and $2.06 3-years from now. Further,
A share of ABC is expected to pay $1.84 of dividends in 1-year from now, $1.93 2-years from now and $2.06 3-years from now. Further, after the expected dividends are paid out 3-years from now, you expect a share of ABC to fetch $15.24. If the appropriate discount rate given the riskiness of investment is 21.9 percent, what is the maximum you would be willing to pay for a share of ABC ? (Do NOT include the \$ sign. Round your final answer to 2 decimal places, e,g, 110.10)
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