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You are interested in buying a stock which you expect to pay a dividend of $2.48 in one year. After receiving the dividend, you expect

You are interested in buying a stock which you expect to pay a dividend of $2.48 in one year. After receiving the dividend, you expect to sell the stock for $62.86. Your required return is 17%. Up to how much should you be willing to pay for the stock now (in $)?

A.

54.65

B.

53.73

C.

51.61

D.

55.85

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