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A stock you invested expected to distribute 4$ dividend in year one, 3$ dividend in year two and 5$ dividend in year three. Also, this
A stock you invested expected to distribute 4$ dividend in year one, 3$ dividend in year two and 5$ dividend in year three. Also, this stock has just paid a 2$ dividend today. If you believe that the stock will sell from 56$ in year three, how much the stock worth? (required rate of return = 12%)
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