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A stock expects to pay a dividend of $3.97 per share one year from today. After paying the dividend, the stock can be sold for

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A stock expects to pay a dividend of $3.97 per share one year from today. After paying the dividend, the stock can be sold for $82.85 per share. If the appropriate discount rate for the stock is 16.81 percent, how much is one share of the stock worth today? $74.33 $492.86 $70.93 None of these options are correct $23.62

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