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If Sam buys a stock of Hobbiton Corp, he will receive dividend of $3, $3.4, $3.8 for the next three years. After that he can

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If Sam buys a stock of Hobbiton Corp, he will receive dividend of $3, $3.4, $3.8 for the next three years. After that he can sell it for $120. If the required rate of return on this stock is 9%, how much would he be willing to pay for it now? Select one: a. 112.80 b. 18231 c. 101.21 d. 123.46 15450

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