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A stock has a beta of 2.5, the risk-free rate is 1.23% and the market risk premium is 5.05%. The stock will pay a constant

A stock has a beta of 2.5, the risk-free rate is 1.23% and the market risk premium is 5.05%. The stock will pay a constant $2.67 as dividend in perpetuity. What is the price of the stock?

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