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You are considering the purchase of a share of Kentucky Prairie, Inc. common stock. You expect to sell it at the end of one year at $98.08 per share. You will also receive a dividend of $3 per share at the end of the next year. If your required return on this stock is 8.37 percent, what is the most you will be willing to pay for Kentucky Prairie, Inc. common stock now? Round the answer to two decimal places. $

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Financial Management, Finance

Category:- Financial Management
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