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A stock is expected to pay a dividend of $2 in year 1, $4 in year 2, and sell for $40 at the end of
A stock is expected to pay a dividend of $2 in year 1, $4 in year 2, and sell for $40 at the end of year 3. The discount rate is 11 percent. Compute the current stock price. (Include excel formula please)
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