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What is the present value of a stock that you buy today and sell after three years, under the following circumstances? You buy the stock

What is the present value of a stock that you buy today and sell after three years, under the following circumstances? You buy the stock for $50 The dividend is $2.72 in the first year Both the stock and the Dividend grow by 7% per year. The required rate of return (interest rate) is 4.5%

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