Question
#10 Dunder-Mifflin just paid a dividend of $2.30 that is expected to grow at 3.2% and has a beta of 1. If the risk free
#10 Dunder-Mifflin just paid a dividend of $2.30 that is expected to grow at 3.2% and has a beta of 1. If the risk free rate is 3% and the market risk premium is 6%, what should be the price of the stock?
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A. $40.92
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B. $46.42
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C. $47.90
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D. $39.66
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
13th Edition
1337395080, 9781337395083
