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A firm is expected to pay a dividend of $1.35 next year and $150 the following year. Financial analysts believe stock will be at their

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A firm is expected to pay a dividend of $1.35 next year and $150 the following year. Financial analysts believe stock will be at their price target of $68 in two years, Compute the value of this stock with a required return of 10 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of stock

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