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A stock currently sells for $ 5 0 per share and pays $ 0 . 4 8 once per year in dividends. What is an

A stock currently sells for $50 per share and pays $0.48 once per year in dividends. What is an investor's valuation of this stock if she expects it to be selling for $60 in one year and requires a 12% return on investment?
54.00
52.59
55.48
60.48
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