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C&FS Corporation just paid its annual dividend and the next dividend will be $2 per share. What would you pay for a share of C&FS

C&FS Corporation just paid its annual dividend and the next dividend will be $2 per share. What would you pay for a share of C&FS Corporation stock today if your required return on equity investments is 12%, and the stock is expected to be worth $90 one year from now?

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