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Assume that a share of stock has just paid a dividend ( D0 ) of $1.32 per share and that this dividend is expected to

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Assume that a share of stock has just paid a dividend ( D0 ) of $1.32 per share and that this dividend is expected to grow at a long-run annual growth rate of 5 percent. Also assume that the beta on this stock is 1.20, the risk-free rate is 4 percent, and the required rate of return on the market is 10 percent. Given this information, determine the current price of this share of stock

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