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A share of stock sells for $ 5 0 today. It will pay a dividend of $ 6 per share at the end of the
A share of stock sells for $ today. It will pay a dividend of $ per share at the end of the year. Its beta is Assume that the riskfree rate of interest is and the expected rate of return on the market is What do investors who believe in the CAPM expect the stock to sell for at the end of the year?
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