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Financial managers of BECN firm plan to issue a stock with a $5 annual year-end dividend. This firms earnings per share (EPS) is expected to

Financial managers of BECN firm plan toissue a stock with a $5 annual year-end dividend. This firms earnings per share (EPS) is expected to be $10. This firms ROE is 8%. If BECN firm has a beta 2.0, T-bills rate (i.e., risk-free rate) is 2%, and the market return is 5%. What price should the stock be sold at?

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