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You are thinking about buying a stock and holding it for 3 years. You expect that the stock will pay a dividend of $1.11 in

image text in transcribed You are thinking about buying a stock and holding it for 3 years. You expect that the stock will pay a dividend of $1.11 in 1 year, $2.78 in two years, and $4.99 in three years. You expect to sell for $78.65 in 3 years. If the required return is 9.17%, what is the value of the stock

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