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You expect a stock to distribute $ 1 0 cash dividend after one year and $ 1 5 cash dividend after two years. The expected

You expect a stock to distribute $10 cash dividend after one year and $15 cash
dividend after two years. The expected share price is $80 after two years. If the annual discount
rate is 13%, what is the value of this stock (i.e. the stock price today)?

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