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You are planning to invest in company‘s X stocks. You are willing to hold these...

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You are planning to invest in company‘s X stocks. You are

willing to hold these stocks for 3 years. Company pays 6 euro dividends

annually; forecasted price of the stock after 3 years is 78 euro. Required

rate of return is 16%. Calculate the value of the stock.

Two decimals after point.

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