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Determining current stock price

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Reference no: EM132281350

Lei did Industries will pay a dividend of 4.35, 5.45, and $6.65 per share for each of the next 3 years. In 4 years, you believe that the company will be acquired for $61.00 per share. The return on similar stocks is 9.4%. What's the current stock price?

Reference no: EM132281350

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