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An investor expects a stock to sell for $100 in exactly one year. The stock will not pay a dividend in the next year. After
An investor expects a stock to sell for $100 in exactly one year. The stock will not pay a dividend in the next year. After some research, the investor estimates the firm's beta as 1.20, the risk free rate at 1.50%, and the market portfolio risk premium at 6.00%. Given this information and expected price, how much can the investor pay today for this stock to earn his required return? $84.77 $94.08 $92.00 $90.70 $82.87
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