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Cartwright Brothers' stock is currently selling for $40 a share. The stock is expected to pay a $2 dividend at the end of the year.

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Cartwright Brothers' stock is currently selling for $40 a share. The stock is expected to pay a $2 dividend at the end of the year. (D1) The stock's dividend is expected to grow at a constant rate of 7 percent a year forever. This risk-free rate is 6 percent and the market risk premium is also 6 percent. What is the stock's beta? Select one: O a. 2.00 O b. 1.00 O c. 1.06 O d. 1.08 O e 0.83

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