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An investor is contemplating the purchase of common stock at the beginning of this year and to hold the stock for one year. The investor
An investor is contemplating the purchase of common stock at the beginning of this year and to hold the stock for one year. The investor expects the year-end dividend to be $2.00 and expects a year-end price for the stock of $40. If this investor's required rate of return is 10%, then the value of the stock to this investor is?
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