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Given the popularity of the Internet, you expect Netcoms stock to reach $50 in 1 year. You estimate next years dividend to be $1 and

Given the popularity of the Internet, you expect Netcoms stock to reach $50 in 1 year. You estimate next years dividend to be $1 and plan to sell the stock 1 year from today after receiving the estimated dividend. If your required return is 18 percent, how much will you pay for the stock today?

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