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Company XYZ had declared it will pay a dividend of $3.00 next year, $5.00 in 2 years, $6.00 in 3 years, then never pay another
Company XYZ had declared it will pay a dividend of $3.00 next year, $5.00 in 2 years, $6.00 in 3 years, then never pay another dividend. How much would you pay for this stock if you have a required rate of return of 10%? Round to the nearest cent.
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