Question: Consider a stock that will pay out a dividends over the next 3 years of $1.4, $1.95, and $2.15, respectively. The price of the stock

Consider a stock that will pay out a dividends over the next 3 years of $1.4, $1.95, and $2.15, respectively. The price of the stock will be $48.6 at time 3. The interest rate is 12%. What is the current price of the stock?

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