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The dividend on a company's stock will be $6.75 in one year, $7.75 in two years and $8.75 in three years. In three years, you

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The dividend on a company's stock will be $6.75 in one year, $7.75 in two years and $8.75 in three years. In three years, you can sell the stock for $77.50. If you require a 13.25% rate of return on your investment, how much are you willing to pay for a share of this stock? $61.03 $62.73 $64.42 $66.12 $67.81

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