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A company's earnings are declining at a constant rate of 10 percent per year. The beta for the company is 2 and the treasuries yield

A company's earnings are declining at a constant rate of 10 percent per year. The beta for the company is 2 and the treasuries yield 5 percent. If the dividends paid last year amounted to $6 per share, what is the value of the stock today? The return on the market is 15 percent.

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