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A firm is expected to pay a dividend of $2.00 next year, $2.25 the following...

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A firm is expected to pay a dividend of $2.00 next year, $2.25 the following year, and $2.50 the third year. Financial Analysts believe the stock will be at their price target of $80 in three years. Compute the value of this stock with a required return of 9 percent. Round your answer to two decimal places

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