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A stock is expected to pay a dividend of $3.00 per share in year 1 . The stock price after one year is expected to

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A stock is expected to pay a dividend of $3.00 per share in year 1 . The stock price after one year is expected to be $80 per share. The equity cost of capital is 10%, whereas the risk-free rate is 2%. What is the current stock price? $72.73 $75.45 $81.37 $830.00

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