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You expect to receive the following dividends from a stock: Year Dividend 1 2 2 4 3 6 4 6 Four years from now, you
You expect to receive the following dividends from a stock:
Year | Dividend |
1 | 2 |
2 | 4 |
3 | 6 |
4 | 6 |
Four years from now, you expect the stock to sell for $79. If the required return is 10%, what is the most you would pay for the stock today? Answer to 2 decimal places, for example $100.12.
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