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An investor is considering purchasing a share of stock. Earnings are expected to be $6 per share and the price next year is expected to

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An investor is considering purchasing a share of stock. Earnings are expected to be $6 per share and the price next year is expected to be $100. If the investor requires a 7% annual return, how much is the investor willing to pay for the stock today? Answer in dollars and do not enter a \$ sign. Round to two decimal places

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