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Sanford common stock is expected to pay $1.50 in dividends next year, and the market price is projected to be $52.35 per share byyear-end. If

Sanford common stock is expected to pay $1.50 in dividends next year, and the market price is projected to be $52.35 per share byyear-end. If investors require a rate of return of 13 percent, what is the current value of the stock?

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