Reliable Motors shares are expected to pay dividends of $2.00, $1.15, and $1.20 at the end...

  

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Reliable Motors shares are expected to pay dividends of $2.00, $1.15, and $1.20 at the end of each of the next three years, respectively. The investor expects the price of the shares at the end of this 3-year holding period to be $60.00. The investor's required rate of return is 11.5%. Calculate the current value of Reliable's shares. $ Number Round your answer to the nearest cent Reliable Motors shares are expected to pay dividends of $2.00, $1.15, and $1.20 at the end of each of the next three years, respectively. The investor expects the price of the shares at the end of this 3-year holding period to be $60.00. The investor's required rate of return is 11.5%. Calculate the current value of Reliable's shares. $ Number Round your answer to the nearest cent