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Hepsi Corporation expects to pay a dividend of $1 per share at the end of year 1, $2 per share at the end of year
Hepsi Corporation expects to pay a dividend of $1 per share at the end of year 1, $2 per share at the end of year 2, and then be sold for $30 per share at the end of year 2. If the required rate of return on the stock is 12 percent, what is the price of the stock? Multiple Choice $26.40 $32.17 $28.20 $36.07
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