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Heinfeldt Industries is expected to pay a year - end dividend of $ 2 . 0 0 per share ( i . e . D

Heinfeldt Industries is expected to pay a year-end dividend of $2.00 per share (i.e. D1= $2.00), and that dividend is expected to grow at a constant rate of 3.00% per year in the future. The company's beta is 0.90, the market risk premium is 5.00%, and the risk-free rate is 2.00%. What is the company's current stock price?
a. $36.36
b. $44.44
c. $50.79
d. $57.14
e. $80.00

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