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eBook Problem Walk-Through Constant Dividend Growth Valuation Crisp Cookware's common stock is expected to pay a dividend of $2,5 a share at the end of

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eBook Problem Walk-Through Constant Dividend Growth Valuation Crisp Cookware's common stock is expected to pay a dividend of $2,5 a share at the end of this year (01 - $2,50); its beta is 0.c. The risk free rate is 4.1% and the market risk premium is 5%. The dividend is expected to grow at some constant rate, gu, and the stock currently sells for $50 a share. Assuming the market is in equilibrium, what does the market belleve will be the stock's price at the end of 3 years (e. what is Ps)? Do not round Intermediate calculations, Round your answer to the nearest cent. N

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