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The current price of Wilis. Inc. common stock is $40 per share. You plan on buying it today, holding it for 4 years, and then
The current price of Wilis. Inc. common stock is $40 per share. You plan on buying it today, holding it for 4 years, and then selling it. You anticipate receiving a dividend per share of $2.00 two years year from today, $2.50 three years from today and $3.00 four years from today. If you want to earn 12% on your investment, what price must you receive when you sell the stock four years from today?
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