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Nike stock has a dividend $0.72 and analysts have estimated that the stock will be worth $59 in one year. If Nike has a required
Nike stock has a dividend $0.72 and analysts have estimated that the stock will be worth $59 in one year. If Nike has a required return of 7%, what is the fair value of Nike's stock? (Enter only numbers and decimals in your response. Round to 2 decimal places.)
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