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You are planning to buy Apple stock, and you expect it to pay a dividend of $3 in 1 year. $4.25 in 2 years, and

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You are planning to buy Apple stock, and you expect it to pay a dividend of $3 in 1 year. $4.25 in 2 years, and $6,00 in 3 years. You expect to sell the stock for $100 in 3 years. If your required return for purchasing the stock is 12 percent, how much would you pay for the stock today? Choose... PADICO most recent dlydend was $625

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