The dividend on Simple Motors common stock will be $2 in one year, $3.50 in two years,
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Question:
The dividend on Simple Motors common stock will be $2 in one year, $3.50 in two years, and $5.00 in three years. You can sell the stock for $75 in three years. If you require a 10% return on your investment, how much would you be willing to pay for a share of this stock today?
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