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3. A share of stock with a beta of [1.34 now se]ls for $59. Investors expect the stock to pay a year-end dividend of $4.

3. A share of stock with a beta of [1.34 now se]ls for $59. Investors expect the stock to pay a year-end dividend of $4. The Tâ??bili rate is 3%, and the market risk premium is 6%. If the stock is pe...

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