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You just purchased a stock for $40 per share. The company has announced that they will be paying a dividend of $1.50 per share at

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You just purchased a stock for $40 per share. The company has announced that they will be paying a dividend of $1.50 per share at the end of the year (which has been the company practice for many years). You researched the company in Bloomberg, and its equity cost of capital is 10%. What is the expected price of the stock at year end (in $)

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