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Cliff Corp. stock currently sells for $50 per share and just paid a dividend of $2.00. If dividends are expected to grow at a constant
Cliff Corp. stock currently sells for $50 per share and just paid a dividend of $2.00. If dividends are expected to grow at a constant rate of 4% annually, Treasury Bills have a return of 3% and the return on the S&P 500 (market return) is expected to be 15%, then what is the beta of Cliff Corp. stock?
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