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Merve plans an investment into a stock that has a dividend payment of $2.5, $2.75, $2.80, respectively, from year 1 to year 3. If the

Merve plans an investment into a stock that has a dividend payment of $2.5, $2.75, $2.80, respectively, from year 1 to year 3. If the sellingprice at the end of the holding period (year 3) is $18 abd her required rate of return is 10%, what can be the purchasing price of the stock (P0)?

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