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A share of stock will pay dividends as follows: Time (yrs) Dividend 1 100 t = 2 and higher 100 * 1.13^t Using i =

A share of stock will pay dividends as follows:

	Time (yrs)	Dividend
	1	100
	t = 2 and higher	100 * 1.13^t

Using i = 26%, what is the value of a share today?

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