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Abert plans to pay a $1 dividend in exactly one year, with the dividend growing 2.6 percent per year thereafter. The risk-free rate is 3.2
Abert plans to pay a $1 dividend in exactly one year, with the dividend growing 2.6 percent per year thereafter. The risk-free rate is 3.2 percent. Abert has a beta of 0.8, and the market risk premium is 5.3 percent. What is the price of the stock?
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