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You are contemplating the purchase of a stock you will hold for 2 years. You will receive $ 0.85 per year individends, and then you

You are contemplating the purchase of a stock you will hold for 2 years. You will receive $ 0.85 per year individends, and then you expect to sell it for $22. If the required return is 10%, what is the most you would pay for thestock?

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