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You plan to purchase a share of Quality Manufacturing stock today and then sell it after two year. The company pays an annual dividend with

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You plan to purchase a share of Quality Manufacturing stock today and then sell it after two year. The company pays an annual dividend with the first dividend due in exactly one year. You expect the company to pay a $2.75 dividend after one year and $3.25 after two years. You expect to sell the stock for $30 immediately after the second dividend. If you require a return of 13.9 percent per year, what is the most you are willing to pay today for the stock? $28.04 O $30.58 $28.44 $19.87 O $42.72

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