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Dunder-Mifflin has a beta of 1.2 and just paid a dividend of $1.50 that is expected to grow at 5%. If the risk-free rate is
Dunder-Mifflin has a beta of 1.2 and just paid a dividend of $1.50 that is expected to grow at 5%. If the risk-free rate is 3% and the market risk premium is 6%, what should be the price of the stock?
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A. $38.66
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B. $30.29
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C. $36.82
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D. $28.85
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