Considering the purchase of share of alfa growth

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You are considering the purchase of a share of Alfa Growth, Inc. common stock. You expect to sell it at the end of one year for $78.45 per share. You will also receive a dividend of $3.49 per share at the end of the next year. If your required return on this stock is 11.14 percent, what is the most you would be willing to pay for Alfa Growth, Inc. common stock now? Round the answer to two decimal places.

Reference no: EM131353244

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