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You are considering an 1-year investment in stock ABC. From your stock analysis, you expect that the stock will pay a dividend of $0.37 at

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You are considering an 1-year investment in stock ABC. From your stock analysis, you expect that the stock will pay a dividend of $0.37 at the end of the 1-year, whereas the sales price in 1 year is expected to be $40.14 you want a return of 17%, what is the maximum price you would pay for the stock today? Enter your answer to 2 decimal places, without the dollar sign. For example, if your answer is $500.1 enter as "500.10"; If your answer is $500 enter as "500.00" Answer: 1

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