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Islander Corporations common stock will pay a dividend of $3.50 one year from now, $3.71 two years from now, and $3.93 three years from now.
Islander Corporations common stock will pay a dividend of $3.50 one year from now, $3.71 two years from now, and $3.93 three years from now. You plan to buy the stock now and sell at the end of the third year for $80. At what price must you buy in order to receive your required return of 18%.
Explain how you got it using excel.
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