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Company D is expected to pay a dividend of $ 3 per share at the end of this year; its beta is 0 . 9
Company D is expected to pay a dividend of $ per share at the end of this year; its beta is ; the riskfree rate is ; and the market risk permium is The dividend is expected to grow at some constant rate g and the stock currently sells for $ per share. What does the market believe will be the stock's price three years from now?
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