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You want to buy a share of Rotten Apple's stock. As a shareholder, you can expect annual dividend of $350 and 53 the end of

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You want to buy a share of Rotten Apple's stock. As a shareholder, you can expect annual dividend of $350 and 53 the end of year 1 and 2. respectively. Also, you can sell your Rotten Apple's stakk for $25.00 at the end of year 2 With the required rate of return of 12%, how much are you willing to pay to buy this stock now? Round up your answer to the 2nd decimal in $

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