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Determine the value of Coldron shares. The last dividend paid was $3.20, and dividends are expected to grow at 4% indefinitely.Coldron has a beta of
Determine the value of Coldron shares. The last dividend paid was $3.20, and dividends are expected to grow at 4% indefinitely.Coldron has a beta of 0.9, the risk free rate is 3 percent and the risk premium is 7 percent. (round to the nearest cent)
A.$62.79
B.$60.38
C.$58.39
D.$56.14
E.None of the above
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