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A stock with a beta of 1.1 just paid a dividend of $2 that is expected to grow at 4%. If the risk-free rate is

A stock with a beta of 1.1 just paid a dividend of $2 that is expected to grow at 4%. If the risk-free rate is 2% and the market risk premium is 5.5%, what should be the price of the stock today?

A. $49.38


B. $112.43
C. $108.11
D. $51.36

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