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The next three annual dividends paid by Tim stock are expected to be $8.11 in one year, $4.62 in two years and $5.37 in three
The next three annual dividends paid by Tim stock are expected to be $8.11 in one year, $4.62 in two years and $5.37 in three years. The price of stock is expected to be $68.24 in two years. The expected annual return for the stock is 12.90 percent. What is the current price of one share of his stock?
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