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K2 K Deluxe Company expects to pay a dividend of $2 per share at the end of year 1. $3 per share at the end

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K2 K Deluxe Company expects to pay a dividend of $2 per share at the end of year 1. $3 per share at the end of year 2, and then be sold for $33 per share at the end of year 2. If the required rate of return on the stock is 12 percent, what is the current value of the stock

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