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You anticipate a company will go out of business in three years. However, in each of the next three years, they will pay the following
You anticipate a company will go out of business in three years. However, in each of the next three years, they will pay the following income per share:
Year 1: $5.55
Year 2: $9.65
Year 3: $12.85
Find the current stock price, assuming 9.9% required return.
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