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Suppose the goddess tells you the following information about a stock: Year Dividend $2 1 2. $3 3 $6 4 $8 5 5 $10 She
Suppose the goddess tells you the following information about a stock: Year Dividend $2 1 2. $3 3 $6 4 $8 5 5 $10 She also tells you that the stock will sell for $105 at five years from now. If you require a 13% return to invest in this stock, what do you expect the price of the stock to be one year from now (P.)? Keep at least 4 decimals in all your calculations Round your final answer to 2 decimal places, for example 49.12
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