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39) Duffs Beer common stock has a beta of 0.7 and an expected dividend of $3.50. rate is 2% and the market risk premium, is

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39) Duffs Beer common stock has a beta of 0.7 and an expected dividend of $3.50. rate is 2% and the market risk premium, is 9%. what is the value of this stock if a constant annual growth rate of 5% is expected in dividends and earnings? The US Treasury bill A. $111.36 B. $176.10 C. $106.06 D. $184.21 E. $193.42

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