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You are contemplating the purchase of a stock you will hold for 2 years. You will receive $ 0.87 per year in dividends, and then

You are contemplating the purchase of a stock you will hold for 2 years. You will receive $ 0.87 per year in dividends, and then you expect to sell it for $20.

If the required return is10 %, what is the most you would pay for the stock?

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