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Suppose your stock in HIG Corp will pay dividends of $2 this coming year, $2.50 the year after, and $5.00 in the year after that.

Suppose your stock in HIG Corp will pay dividends of $2 this coming year, $2.50 the year after, and $5.00 in the year after that. If immediately after the third dividend, you can sell your shares of stock in HIG Corp for $55, then what is the value of the stock today given that you require a rate of return of 12%?

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