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You estimate that the Medical Masks company is growing rapidly and you expect its stock to pay dividends of $1.60, $2.80, and $3.80 per share
You estimate that the Medical Masks company is growing rapidly and you expect its stock to pay dividends of $1.60, $2.80, and $3.80 per share at the end of each of the next three years (t-1, t-2, and t-3). At the end of the third year, you expect the stock to be trading (selling) for $70.00 per share. Assume you want to buy it today and sell it at the end of the third year. If the appropriate required return for this stock is 10%, what should be your estimate of the value (or price) of the stock today? [Enter your answer showing two decimal places. Do not enter a dollar sign or other symbol. For example, enter $97.79 as 97.79] Your
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