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Harbucks Coffee is a constant growth stock selling for its equilibrium price of $40. Harbucks has a beta of 1.2 and the current dividend is

Harbucks Coffee is a constant growth stock selling for its equilibrium price of $40. Harbucks has a beta of 1.2 and the current dividend is $1.20. What is Harbucks expected constant growth rate if the risk-free rate is 3% and the market return is 12%? A) 14.0% B) 10.8% C) 14.4% D) 10.5% E) 13.8%

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