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You plan to buy some common stock today. The first cash you expect to receive is a dividend of $8.25 per share at the end

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You plan to buy some common stock today. The first cash you expect to receive is a dividend of $8.25 per share at the end of Year 2, when you also expect to sell the stock for $77.00 per share. If your required rate of return is 8.00 percent, how much should you be willing to pay per share for this stock today

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