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You are considering the purchase of 100 shares of a stock and are deciding how much you should be willing to pay. You expect to

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You are considering the purchase of 100 shares of a stock and are deciding how much you should be willing to pay. You expect to sell the stock in two years for $60 per share. The stock pays an annual dividend of $1.50 per share. If the required rate of return is 12.0%, which of the following equations best represents the maximum price you should pay for the stock

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