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Cartwright Brothers stock is currently selling for $40 a share. The stock is expected to pay a $4 dividend at the end of the year.
Cartwright Brothers stock is currently selling for $40 a share. The stock is expected to pay a $4 dividend at the end of the year. The stocks dividend is expected to grow at a constant rate of 12 percent a year forever. The risk-free rate (kRF) is 7 percent and the market risk premium (kM kRF) is 5 percent. What is the stocks beta?
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