Question: Stock problem, the solving processes are really necessary to me for applying another problems, thanks! Suppose the goddess tells you the following information about a

Stock problem, the solving processes are really necessary to me for applying another problems, thanks!

Stock problem, the solving processes are really necessary to me for applying

Suppose the goddess tells you the following information about a stock: Year Dividend 1 $2 2 $2 3 $3 She also tells you that the stock will sell for $55 at three years from now If you require a 13% return to invest in this stock, what do you expect the price of the stock to be one year from now (P1)? Answer to 2 decimal places, for example 49.12

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