Actual Stock Performance:
	Stock Price as of
	Jan. 1	Dec. 31	Annual Dividend Paid
2016	$48.00	$50.40	$3.50
2017	$50.40	$45.36	$3.50
2018	$45.36	$45.81	$3.50
2019	$45.81	$57.26	$3.70
2020	$57.26	$54.40	$3.70
Key Assumptions:
Estimated Future Annual Growth Rate (i.e. Constant Growth Rate):	5.0%
10-Year Treasury Bond Rate =		1.34%
10-Year Market Return Benchmark =	9.50%
FIN340 Company Beta =		1.25

Calculate the standard deviation (i.e. volatility/risk) based on the FIN340 company's stock performance between 2016 - 2020 (include dividends in your calculation)?

Based on the average annual return and risk (standard deviation) calculated previously, what was the FIN340 Company's Coefficient of Variation during the 2016 - 2020 timeframe?

What is the required return % for FIN340 Company stock (using the Capital Asset Pricing Model)?

Using the data provided in the question and the Constant Growth Model, what is the maximum fair $ price to pay for FIN340 Company stock?

Based on your calculation of the maximum fair price to pay for FIN340 Company's stock and comparison to the price as of December 31, 2020, by how much does the calculated Fair Price for the stock differ from the actual December 31, 2020 price?