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ACME Unders ater Excansioes is expected to pay a dividend of D, - $2.25 per share and that dividend is expected to grow at a
ACME Unders ater Excansioes is expected to pay a dividend of D, - $2.25 per share and that dividend is expected to grow at a constant rate of 2.45% per year in the future. The company's beta is 1.22, the market risk premium is 3.75%, and the isk-free nate is 2.35%. What is the compary's carrest stock price?
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