You are interested in buying a stock which you expect to pay a dividend of $2.74 in one year. After receiving the dividend, you expect to sell the stock for $54.32. Your required return is 16%. Attempt 1/3 for 1 pts. Part 1 Up to how much should you be willing to pay for the stock now (in $)? H+ decimals

You are interested in buying a stock which you expect to pay a dividend of $2.74 in one year. After receiving the dividend, you expect to sell the stock for $54.32. Your required return is 16%. Part 1 Attempt 1/3 for 1 pts. Up to how much should you be willing to pay for the stock now (in \$)