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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 $50.00

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

Current price per share of common $50.00

Expected dividend per share next year $3.00

Constant Annual dividend growth rate 6.5%

Risk-free rate of return 4.5%

Please provide in Excel with an explanation

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