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t A shareholder of PPP company expects to receive a dividend of $2 per share at the end of year 1, $3 per share at
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A shareholder of PPP company expects to receive a dividend of $2 per share at the end of year 1, $3 per share at the end of year 2, and then sell the shares for $32 per share at the end of year 2. If the required rate of return on the stock is 10%, what is the current value of the stock? Select one: O a $29.18 O b. $30.74 Oc. $31.58 Od $28.20Step by Step Solution
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