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22. A company has an equity beta of 1.23 and the market risk premium is 6 percent. The risk free rate of return is 4.5

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22. A company has an equity beta of 1.23 and the market risk premium is 6 percent. The risk free rate of return is 4.5 percent. If an investor paid 2.67 for a share a year ago and has received a dividend of 25 pence for the year, what would be a fair price for the share currently? A. 2.57 B. 2.74 C. 2.94 D. 2.68 E. None of the above

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