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Simple Motors stock will pay dividends $3, $4.25, and $6 at the end of year one, two, and three, respectively. You will sell the stock

Simple Motors stock will pay dividends $3, $4.25, and $6 at the end of year one, two, and three, respectively. You will sell the stock at price $100 / share right after you receive the third dividend. What would be the stock price if you require a 12% return rate from this stock?

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