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You own 310 shares of Abco, Inc. stock. The company has stated that it plans on issuing a dividend of $.50 a share at the

You own 310 shares of Abco, Inc. stock. The company has stated that it plans on issuing a dividend of $.50 a share at the end of this year and then issuing a final liquidating dividend of $2.20 a share at the end of next year. Your required rate of return on this security is 8 percent. Ignoring taxes, what is the value of one share of this stock today? Group of answer choices $2.57 $2.31 $2.35 $2.75 $2.80

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