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You expect Crane Service Inc. to pay a dividend of $2 per share one year from today and a dividend of $3 per share two
You expect Crane Service Inc. to pay a dividend of $2 per share one year from today and a dividend of $3 per share two years from today. The current market price of Crane Service stock is $20. If your annual required return on Crane Service stock is 12 %, what do you expect the value of the stock at the end of year two to be at least if you are willing to buy the stock today?
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