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FT Corporation expects to pay a dividend of $3 at the end of this year. Dividends are expected to grow after that at a rate

FT Corporation expects to pay a dividend of $3 at the end of this year. Dividends are expected to grow after that at a rate of 5%, forever. The stock has a beta of 1.8. If the yield on Treasury Bills is 2%, and the market risk premium is 6%. What is the most you would be willing to pay for FT shares?

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