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The price of a stock at year 3 can be expressed as 5g/(x+F4). D0(1+)5 D1=(1+)5 D4/(R9) D5/(R9).

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The price of a stock at year 3 can be expressed as 5g/(x+F4). D0(1+)5 D1=(1+)5 D4/(R9) D5/(R9).

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