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Find the price of the following stock today. It is expected to pay out a dividend of $1.25 per share in one year. The expected

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Find the price of the following stock today. It is expected to pay out a dividend of $1.25 per share in one year. The expected stock price in one year is $39 per share and investors' expected return (also known as cost of equity and equity cost of capital) is 12%

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