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10) Hoping-To-Meme (HTM), a movie theater chain, just paid a dividend of $5. Dividends are expected to grow at a constant rate of 4% per
10) Hoping-To-Meme (HTM), a movie theater chain, just paid a dividend of $5. Dividends are expected to grow at a constant rate of 4% per year from this point onward. HTM's stock has a beta of 0.9. The risk-free rate is 5%, and the expected return on the market portfolio is 12%. a. What is the market capitalization rate for HTM? b. Compute the intrinsic value of HTM's stock
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