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Gold & Company's stock is expected to pay a dividend of $0.50, $1.00, and $1.75 per share at the end of the years 1 (D1),
Gold & Company's stock is expected to pay a dividend of $0.50, $1.00, and $1.75 per share at the end of the years 1 (D1), 2 (D2), and 3 (D3), respectively. After that, the dividend is expected to grow at a constant rate of 0.05 (5 cents) per year forever. The stock's beta is 1.2, the market risk premium is 4% and the risk free rate is 5%. What is the price of the stock today? A. B. C. D. E. $20.41 $21.51 $31.53 $32.62 $44.44
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