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7 of 7 (3 complete) HW Score: 42.86%, 3 of 7 pts Score: 0 of 1 pt Problem 8.L04.31 (similar to) Question Help What is

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7 of 7 (3 complete) HW Score: 42.86%, 3 of 7 pts Score: 0 of 1 pt Problem 8.L04.31 (similar to) Question Help What is the price of a share of stock if the beta is 1.5. its next dividend is projected to be $2.00, and its growth rate is expected to be a constant 4%, assuming the market return is 16% and the risk-free rate is 5%? The price of a share of stock is (Round to the nearest cent.) Enter your answer in the answer box and then click Check

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