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Suppose ABC Corporation will pay a dividend of $1.72 per share at the end of this year and $3.99 per share next year. You expect

Suppose ABC Corporation will pay a dividend of $1.72 per share at the end of this year and $3.99 per share next year. You expect ABC's stock price to be $65.55 in two years. If ABC's equity cost of capital is 11.1%, what price would you be willing to pay for a share of ABC stock today if you planned to sell the stock in one year?

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