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What is the most that you should pay for a share of common stock if you expect the following payout of dividends and sale price,
What is the most that you should pay for a share of common stock if you expect the following payout of dividends and sale price, and your required rate of return is 10%.
Year 1 2 3 4
Dividend Payments (Year 1) $2, (Year 2) $12, (Year 3) $22, (Year 4) $5
Sale Price: $78
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