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Sanford common stock is expected to pay $1.75 in dividends next year, and the market price is projected to be $48.80 per share by year-end.
Sanford common stock is expected to pay
$1.75
in dividends next year, and the market price is projected to be
$48.80
per share by year-end. If investors require a rate of return of
9
percent, what is the current value of the stock?
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