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A stock just paid a dividend of $2 per share. The stocks beta is 1.30. The risk-free rate is 3% and the market risk premium

A stock just paid a dividend of $2 per share. The stocks beta is 1.30. The risk-free rate is 3% and the market risk premium is 6%. Determine the value of the stock, assuming

a. No growth in dividends

b. Constant growth of 3%

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