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A firm with no debt and no preferred stock is expected to have free cash flow of $60 million each year indefinitely. If investors require
A firm with no debt and no preferred stock is expected to have free cash flow of $60 million each year indefinitely. If investors require a 13% return on their equity, what is the value of the firm's equity?
If the market risk premium is 2%, the risk-free rate is 3.6% and the beta of a stock is 1.6, what is the expected return of the stock?
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