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A share of stock sells for $100 today. It will pay a dividend of $5 per share at the end of the year. Its beta
A share of stock sells for $100 today. It will pay a dividend of $5 per share at the end of the year. Its beta is 1.2. What do investors expect the stock sell for at the end of the year? Assume that rf = 7% and E(rM) = 15%.
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