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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,

  1. 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

$2

$12

$22

$5

Sale Price

$78

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