What is the most you would pay for this stock

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Reference no: EM131354483

You are planning to buy a stock and hold it for 2 years. You expect to receive $2 in dividends at the end of each year and then you expect to sell the stock after 2 years for $30. If your required return is 6%, what is the most you would pay for this stock?

Reference no: EM131354483

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