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A stock with a beta of 0.8 just paid a dividend of $1.10 expected to grow at 5%. If the risk-free rate is 2% and

A stock with a beta of 0.8 just paid a dividend of $1.10 expected to grow at 5%. If the risk-free rate is 2% and the market risk premium is 6%, what should be the price of the stock? A. $550.00 B. $64.17 C. $61.11 D. $577.50

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