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JJ stock should trade for $45.35 3 years from now (i.e., you expect = $45.35). Discounted at an 11% rate, what is the present value
JJ stock should trade for $45.35 3 years from now (i.e., you expect = $45.35). Discounted at an 11% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $45.35. Do not round intermediate calculations. Round your answer to the nearest cent
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