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You are thinking about buying a stock and holding it for 2 years. You expect that the stock will pay a dividend of $0.81 in
You are thinking about buying a stock and holding it for 2 years. You expect that the stock will pay a dividend of $0.81 in 1 year and $2.14 in two years. You expect to sell for $77.06 in 2 years. If the required return is 12.95%, what is the value of the stock.
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