Question: PLEASE SHOW WORK Step by Step Lolo, Inc. has a current stock price of $50 per share, will pay a $2 dividend next year. If

PLEASE SHOW WORK Step by Step Lolo, Inc. has a current stock price of $50 per share, will pay a $2 dividend next year. If the required return is 15%, what price do investors expect the stock to sell for immediately after paying the dividend in one year to justify its current price? $55.50

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