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you are trying to determine the appropriate price to pahcfir a share of common stock. if you purchase this stock, you plan to hold it

you are trying to determine the appropriate price to pahcfir a share of common stock. if you purchase this stock, you plan to hold it for 1 year. a year from today, you expect to receive a dividend of $4. after receiving the dividend, you expect to sell the stock for $75. the rate of return for this stock is 15%. what is the correct price of the stock given the information provided? round the final answer

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