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What is the value of a stock that last year paid a $1 dividend, if you think next year's dividend will be 10% higher, the

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What is the value of a stock that last year paid a $1 dividend, if you think next year's dividend will be 10% higher, the stock will be selling for $25 at year-end; the risk free rate of interest is 5%, the market return is 10% and the stock beta is 1.2

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