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The current stock price is $50/share. The firm will pay a $.75/share dividend 3, 6 and 9 month from today. Given that the annual risk-free

The current stock price is $50/share. The firm will pay a $.75/share dividend 3, 6 and 9 month from today. Given that the annual risk-free rate for all maturities is 10%, calculate the price value that will be used in the Black&Scholes&Merton formula.

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