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A stock with a required return of 13.29% has the cash flows in the table below. Yr 1 Cash Yr 2 Cash Yr 3 Cash

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A stock with a required return of 13.29% has the cash flows in the table below. Yr 1 Cash Yr 2 Cash Yr 3 Cash Flows Flows Flows $2.38 $4.42 Dividend Price $6.9 $97.97 How much is the stock worth today? What is the most you should be willing to pay for the stock in the table? Expected Expected Price in 1 Dividend Year $379.49 $3.58 Required Current Return Price in 1 year 5.7% $3

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