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Deluxe Company expects to pay a dividend of $ 3 per share at the end of year 1 and $ 4 per share at the

Deluxe Company expects to pay a dividend of $3 per share at the end of year 1 and $4 per share at the end of year 2, and then be sold for $33 per share at the end of year 2. If the required rate of return on the stock is 15 percent, what is the current value of the stock?
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$31.57
$30.59
53478
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