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A stock just paid an annual dividend per share of $1.80. The stock has a beta of 1.5. The risk-free rate is 5% and the

A stock just paid an annual dividend per share of $1.80. The stock has a beta of 1.5. The risk-free rate is 5% and the risk premium for this stock is 4%. If the annual dividend is expected to remain at $1.80 per share, what is the value of the stock? A. none of the above B. 29.03 C. $20.00 D. $40.00 E. $17.78

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