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An analyst forecasts that a company will pay a dividend of 1.50nextyearandhaveastockpriceof1.50 next year and have a stock price of 1.50nextyearandhaveastockpriceof73 at the end of the next year. If the required rate of return is 8%, the estimated value of the stock today is closest to:
A
$67.59
B
$68.98
C
$74.50
