Question: Consider a stock that will pay out a dividends over the next 3 years of $ 1 . 4 , $ 1 . 9 ,

Consider a stock that will pay out a dividends over the next 3 years of $1.4, $1.9, and $2.4, respectively. The price of the stock will be $51.81 at time 3. The interest rate is 13%. What is the current price of the stock?
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