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Consider a common stock for which the expected annual dividend for the upcoming 12 months is $2.15 per share. Assume also that the risk-free rate

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Consider a common stock for which the expected annual dividend for the upcoming 12 months is $2.15 per share. Assume also that the risk-free rate on T-bills is 2.75% per year. For our benchmark scenario, assume that the risk premium RP = 6% and the annual dividend growth rate is 3.52%. Now suppose that the risk premium increases to RP = 7%. What is the percent decrease in the value of one share of common stock? Enter your answer in percent to two decimal places. Omit the percent sign but include the minus sign. For example, if your result is -0.1234, which is -12.34% in percent, then type -12.34 as your

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