Company paid dividend-what is the price of stock today

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Reference no: EM131509647

A company paid a dividend of $2.00 per share yesterday. The dividend is expected to remain constant for three years. At year three, after receiving the dividend, the stock can be sold for $52 a share. If the appropriate discount rate is 10 percent, what is the price of stock today?

Reference no: EM131509647

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