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Corp's last dividend was $3 per share. Dividends are expected to increase at a rate of 3% per year. The company's beta is 1.20, the
Corp's last dividend was $3 per share. Dividends are expected to increase at a rate of 3% per year. The company's beta is 1.20, the United States Treasury rate is 2.0% and the overall market presently returns 8% annually. The present corporate tax rate is 20%. Based on the above information, what should be the FMV of Corp stock on a per share basis?
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