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If your mom holds a stock for two years and your mom expects it to pay a $4 dividend in one year, she expects a
If your mom holds a stock for two years and your mom expects it to pay a $4 dividend in one year, she expects a dividend of $4.10 in two years and a stock price of $22 at the end of year 2. If she requires a return of 20% on investments of this risk, how much would your mom be willing to pay now?
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