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years is 12. A firm is expected to pay a $1 dividend for the next three years. If the expected share price of the firm

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years is 12. A firm is expected to pay a $1 dividend for the next three years. If the expected share price of the firm in 3 $67 and investors require a 9% rate of return, what is the expected share price today? a. $54.27 b. $54.05 c. $51.74 d. $53.67

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