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). A company has a beta of 1.50, the risk-free rate of STOCK VALUATION. 20 Exercise 11 interest is currently 12 percent, and the return

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). A company has a beta of 1.50, the risk-free rate of STOCK VALUATION. 20 Exercise 11 interest is currently 12 percent, and the return on the market is 18 percent. The company plans to pay a dividend of $2.45 per share in the coming year and anticipates that its future dividends will increase at an annual rate of 3.05%. Estimate the value of the company's stock

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