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Maxwell Corporation will pay a dividend of $2.81 per share at the end of this year and $2.93 per share next year. You expect Maxwell's
Maxwell Corporation will pay a dividend of $2.81 per share at the end of this year and $2.93 per share next year. You expect Maxwell's share price to be $51.83 in two years. Assume that Maxwell's equity cost of capital is 11.6%. If you plan to hold Maxwell's share for two years, what price would you be willing to pay? $ per share. (Give answer to 2 decimal places)
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