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Score: 0 of 1 pt 11 of 20 (13 complete) HW Score: 65%, 13 of 20 pts Problem 8-15 (similar to) Question Help (Common stock

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Score: 0 of 1 pt 11 of 20 (13 complete) HW Score: 65%, 13 of 20 pts Problem 8-15 (similar to) Question Help (Common stock valuation) Sanford common stock is expected to pay $1.50 in dividends next year, and the market price is projected to be $51.30 por share by year-end. If Investors require a rate of return of 10 percent, what is the current value of the stock? The current value of the stock is $. (Round to the nearest cont.)

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