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You purchase a share of VMC common stock, which will pay a dividend of $ 2 . 8 5 in one year, $ 3 .
You purchase a share of VMC common stock, which will pay a dividend of $ in one year, $ a year later, and $ the next year, at which you will sell the share for $ If you discount the cash flow at then the current price, rounded to the nearest cent, of VMC common stock is $
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