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5) Great Wall Manufacturing has a beta of 1.35. The risk-free rate of return is currently 2 percent and the required te return on a

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5) Great Wall Manufacturing has a beta of 1.35. The risk-free rate of return is currently 2 percent and the required te return on a market portfolio is 15 percent. The company plans to pay a dividend of $1.50 per share in the ming year and anticipates that its future dividends will increase at an annual rate of 5% per year thereafter. stimate the current price of the company's stock (10 points)

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