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Fort Davis Feather Co. has a beta of 1.11. The S&P 500 Indes is 11.5% and the rate on Treasury securities is 6.3%. The firm
Fort Davis Feather Co. has a beta of 1.11. The S&P 500 Indes is 11.5% and the rate on Treasury securities is 6.3%. The firm paid a $3.70 dividend last year and raises dividends by 5% each year. Calculate the value of the stock based on the appropriate dividend model.
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