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You are considering purchasing common stock in AMZ Corporation. You anticipate that the company will pay annual dividends of $5.00 per share next year and

You are considering purchasing common stock in AMZ Corporation. You anticipate that the company will pay annual dividends of $5.00 per share next year and $7.50 per share in the following year. You also believe that you can sell the common stock two years from now for $30.00 per share. If you require a 12 percent annual rate of return on this investment, what is the maximum price that you would be willing to pay for a share of AMZ common stock? Please show using excel.

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