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A stock with a beta of 2.4 that just paid a dividend of $0.25 is expected to grow at 11%. If the risk-free rate is
A stock with a beta of 2.4 that just paid a dividend of $0.25 is expected to grow at 11%. If the risk-free rate is 2% and the market risk premium is 8%, what should be the price of the stock in six years? A. $5.09 B. $4.58 C. $9.61 D. $2.72
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