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An investor decides to buy stock hold it for one year to get dividend and then sell. The expected dividend and price next year is

An investor decides to buy stock hold it for one year to get dividend and then sell. The expected dividend and price next year is $0.6 and $88 respectively. If the required return as a decimal is 0.12, calculate the current price (year 1) per share (use 1 decimal place).
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