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A firm with stock trading at $15.40 expects to distribute a dividend of $0.77. The last dividend it distributed was $0.70. What is the required
A firm with stock trading at $15.40 expects to distribute a dividend of $0.77. The last dividend it distributed was $0.70. What is the required return on equity implied by the dividend growth model? What equity beta does this imply, if the expected market return is 18% and the risk-free rate is 3%?
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