What is the most willing to pay for gamma common stock now

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You are considering the purchase of a share, gamma incorporate it common stock. You expect to sell it at the end of one year for $56 per share. You will receive $2.56 per share the end of the next year. If you're required return on the stock is 8.3% for first time, what is the most willing to pay for gamma common stock now?

Reference no: EM13721645

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