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Assume you have compiled the following information regarding a stock: Last dividend paid: $0.75 per share Expected constant dividend growth rate: 8 percent Current actual

Assume you have compiled the following information regarding a stock: Last dividend paid: $0.75 per share Expected constant dividend growth rate: 8 percent Current actual stock price: $14.57 per share Beta coefficient: 0.88 Risk-free rate of return: 5 percent Required rate of return on the market portfolio: 15 percent What is the expected current value of the stock?

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