Deluxe company expects to pay a dividend of 2 per share at


Deluxe company expects to pay a dividend of $2 per share at the end of year 1, $3 per share at the end of year 2, and then be sold for $32 per share at the end of year 2. If the required rate of return on the stock is 15%, what is the current value of the stock?

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Financial Management: Deluxe company expects to pay a dividend of 2 per share at
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