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Investors expect Cherry corporation will distribute a $4 dividend next year and a $3 dividend the year after that. If you believe that the share

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Investors expect Cherry corporation will distribute a $4 dividend next year and a $3 dividend the year after that. If you believe that the share price of the firm will be sold from $67 two years from now, how much should you pay the share today? (required rate of return = 12%) Select one 3.68.159 b.53.65 C.63.12 d.59.375

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