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Fast Company's stock trades at $40 and the company will pay an annual dividend of $3.00 next year. Analysts estimated the stock Beta to be
Fast Company's stock trades at $40 and the company will pay an annual dividend of $3.00 next year. Analysts estimated the stock Beta to be 1.1 and believe the stock will have a dividend growth rate of 9 percent. The company is forecasted to grow by 14 percent, which is the highest in the industry. Investor's required rate of return for this stock is closest to? O a. 17 percent O b. 24 percent O c. 37 percent O d. not enough information
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