What is the most you would be willing to pay for it today

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Reference no: EM131882837

Suppose the goddess tells you the following information about a stock:

Year Dividend

1 $1

2 $4

3 $4

She also tells you that the stock will sell for $40 at three years from now. If you require a 11% return to invest in this stock, what is the most you would be willing to pay for it today? answer to 2 decimal places, for example 49.12.

Reference no: EM131882837

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