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The share of XYZ company is expected to distribute 3$ dividend a year from now,...

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Finance

The share of XYZ company is expected to distribute 3$ dividend a year from now, 3.5$ dividend 2 years from now and 4.5$ dividend 3 years from now. It is also expected that the share price will be equal to 70$ at the year 3. If the required rate of return on this share is 12%, what is the price right now?

Select one:

a.60.31

b.58.50

c.62.39

d.55.12

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