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Langley Enterprises pays a constant dividend of $0.85 a share. The company announced today that it will continue to pay the dividend for another 2

Langley Enterprises pays a constant dividend of $0.85 a share. The company announced today that it will continue to pay the dividend for another 2 years after which time all dividends will cease. What is one share of this stock worth today if the required rate of return is 16.5 percent?

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