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Suppose you are thinking of purchasing the stock of XYZ Electronics, Inc. In addition to the dividend and price from year one and two you

Suppose you are thinking of purchasing the stock of XYZ Electronics, Inc. In addition to the dividend and price from year one and two you expect it to pay a $5.29 dividend in three years. You believe you can sell the stock for $33.06 at that time. You require a return of 5% on investments of this risk. What is the maximum you would be willing to pay?

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