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3. Suppose currently T-bill rate is 2% and S&P 500 return is 10%. The beta of GM is 1.7. GM just paid a dividend of

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3. Suppose currently T-bill rate is 2% and S&P 500 return is 10%. The beta of GM is 1.7. GM just paid a dividend of 1.5 dollars per share, and dividend has a growth rate of 10%. What is the intrinsic value of GM stock per share? a. 23.74 b. 15.58 c. 26.79 d. 29.46

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