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#7: Pink Inc. just paid a $3 dividend. The company has a dividend payout policy such that growth rate of dividends will be a constant

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#7: Pink Inc. just paid a $3 dividend. The company has a dividend payout policy such that growth rate of dividends will be a constant 4%. The current market price of the stock is $24. The risk-free rate is 2% and the market return is 14%. Assuming market equilibrium, what is the beta of Pink Inc.'s stock

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