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You are considering buying a share of stock which you expect to pay a dividend at the end of each of the next five years.
You are considering buying a share of stock which you expect to pay a dividend at the end of each of the next five years. As soon as you receive the last dividend, you
plan to sell the stock. The dividends and expected selling price are shown in the table below. Use the required return in the table as your discount rate
What is this investment worth in today's money?
Enter your answer as a number with four decimal places but without the currency symbol, like this:
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