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You expect that Red Dragon Corporation common stock in one year will be worth $41.77. In one year, Red Dragon Corporation will pay a $2.34

You expect that Red Dragon Corporation common stock in one year will be worth $41.77. In one year, Red Dragon Corporation will pay a $2.34 dividend per share on its common stock. What is the market value today of a share assuming your required return on equity investments is 17%?

$25.54
$29.49
$37.70
$41.77
$55.54

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