AWK a public trade water utility company, has a Beta of .24. the most recent 10 year treasury yield is 3.15%. what is the required rate of return on this company? Please use historical average market premium to answer the question.

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suppose AWK paid $2 dividend in the past 12 month and its dividend is supposed to grow at 2% per year for ever. what would be a reasonable estimate of AWK's stock price based on the dividend discount model?

please answer the 2nd question .