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Given the following information for the stock of Foster Company, calculate the risk premium on its common stock. Current price per share of common stock

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Given the following information for the stock of Foster Company, calculate the risk premium on its common stock. Current price per share of common stock $54.22 Expected dividend per share next year $2.36 Constant annual dividend growth rate 6% Risk-free rate of return 7% The risk premium on Foster stock is %

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