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Own Inc has an expected stock price of $85 and is expected to pay $1 dividend in each of the next two years. What is

Own Inc has an expected stock price of $85 and is expected to pay $1 dividend in each of the next two years. What is the fair value of stock if discount rate is 10%?

A.

$39.07

B.

$71.98

C.

$26.05

D.

$78.14

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