What is the most you would pay for the stock

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Reference no: EM131580676

You are contemplating the purchase of a stock you will hold for 2 years. You will receive $0.85 per year in dividends, and then you expect to sell it for $26. If the required return is 8%, what is the most you would pay for the stock?

The most you would pay for the stock is $_____?(Round to the nearest cent.)

Reference no: EM131580676

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