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The stock of Sedly Inc. is expected to paythe followingdividends. Dividends: Year 1: $2.25 year 2: $3.60 year 3: $1.70 .year 4: $2.00 At the end of the fourth year its value is expectedto be $37.70. What should Sedly sell for today if the return onstocks of similar risk is 11.924%? Round PVF values in intermediatecalcualtions to four decimal places. Round the answer to twodecimal places.
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