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33) Great Wall Manufacturing has a beta of 0.95. The risk-free rate of return is currently 1.1 % and the required rate return on a

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33) Great Wall Manufacturing has a beta of 0.95. The risk-free rate of return is currently 1.1 % and the required rate return on a market portfolio is 15%. The company plans to pay a dividend of $2.50 per share in the coming year and anticipates that its future dividends will increase at an annual rate of 3% per year thereafter. Estimate the current price of the company's stock (10 points)

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