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Suppose the goddess tells you the following information about a stock: Year Dividend 1 $1 N $4 3 3 $5 4 $5 She also tells
Suppose the goddess tells you the following information about a stock: Year Dividend 1 $1 N $4 3 3 $5 4 $5 She also tells you that the stock will sell for $32 at four years from now. If you require a 9% return to invest in this stock, what is the most you would be willing to pay for it today? 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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