What is the current price of the stock

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Reference no: EM131089281

XYZ company is expected to pay an $8 dividend one year from now and a $2 dividend two years from now. Two years from now immediately after the $2 dividend was paid, you also expect to be able to sell the stock at $16.50. If you have a required rate of return of 11%, what is the current price of the stock?

Reference no: EM131089281

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