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17) A common stock pays an annual dividend per share of $2.40. The risk-free rate is 8% and the risk premium for this stock is
17) A common stock pays an annual dividend per share of $2.40. The risk-free rate is 8% and the risk premium for this stock is 4%. If the annual dividend is expected to remain at $2.40, what is the value of the stock?
Stock value | $ |
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