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What is the current price of a stock that just paid $2.00 in dividends and will pay $2.25 at the end of year 1, $2.50
What is the current price of a stock that just paid $2.00 in dividends and will pay $2.25 at the end of year 1, $2.50 at the end of year 2 and $2.70 at the end of year 3? You expect to sell the stock at the end of year 3 for $75. You require a 12% return.
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