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Suppose the goddess tells you the following information about a stock: Year Dividend 1 $1 2 $3 3 $6 4 $7 5 $9 She also

Suppose the goddess tells you the following information about a stock:

Year Dividend
1 $1
2 $3
3 $6
4 $7
5 $9

She also tells you that the stock will sell for $114 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 (P1)?

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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