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A business is expected to pay a dividend of $4.00 per share at the end of the year, and that dividend is expected to grow
A business is expected to pay a dividend of $4.00 per share at the end of the year, and that dividend is expected to grow at a constant rate of 10% per year in the future. The company's beta is 1.50, the market return is 15%, and the risk-free rate is 4%. What is the current stock price? $38.10 $17.39 $41.90
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