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A: Systematic risk of Beta = 1.5; Risk free rate = 2% ; return on the market portfolio is 12%. The last dividend paid was
A: Systematic risk of Beta = 1.5; Risk free rate = 2% ; return on the market portfolio is 12%. The last dividend paid was $2.25. The growth rate of dividends in the first period is 3% and the second period on is 2%. What is the price at time 1?
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