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FIN307 stock has the following probability distribution of expected prices one year from 1. now Probability Price $50 $60 State 1 25 2 40 $70

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FIN307 stock has the following probability distribution of expected prices one year from 1. now Probability Price $50 $60 State 1 25 2 40 $70 3 35 If you require a risk premium of 5% and Rf is 4%. What is the price you are willing to pay today for FIN307? Assuming the stock will pay a dividend of $4 per share

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