You have the following information on a stock you are interested in purchasing the expected dividend at the end of the one year is $2.50 and the expected dividend at the end of the year following (year 2) is expected to be 10% higher. you expect the price of the share to be $65 at the end of the two years when you plan to sell it. your cost of equity is 6% based on the information provided what would you pay for a share of the stock?

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