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( Common stock valuation ) Sanford common stock is expected to pay $1.501.50 in dividends next year, and the market price is projected to be

(Common

stock

valuation)

Sanford common stock is expected to pay

$1.501.50

in dividends next year, and the market price is projected to be

$52.2552.25

per share by year-end. If investors require a rate of return of

1313

percent, what is the current value of the stock?

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