ohn is evaluating a stock that he believes will pay a dividend equal to $2.15 in exactly one year from today. Further, John expects that in addition to the dividend he will be able to sell the stock f

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ohn is evaluating a stock that he believes will pay a dividend equal to $

2.15

in exactly one year from today. Further, John expects that in addition to the dividend he will be able to sell the stock for the amount $

47

per share also one year from today. Using this information, what is the stock’s price today if the required rate of return on the stock is

15.00

%

ohn is evaluating a stock that he believes will pay a dividend equal to $

2.15

in exactly one year from today. Further, John expects that in addition to the dividend he will be able to sell the stock for the amount $

47

per share also one year from today. Using this information, what is the stock’s price today if the required rate of return on the stock is

15.00

%

John is evaluating a stock that he believes will pay a dividend equal to $

2.15

in exactly one year from today. Further, John expects that in addition to the dividend he will be able to sell the stock for the amount $

47

per share also one year from today. Using this information, what is the stock’s price today if the required rate of return on the stock is

15.00

%

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