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Hi. This is from Principles of Managerial Finance 14th edition. Chapter 7 warm up exercise. E7-6. Brash Corporation initiated a new corporate strategy that fixes

Hi. This is from Principles of Managerial Finance 14th edition. Chapter 7 warm up exercise. E7-6. "Brash Corporation initiated a new corporate strategy that fixes its annual dividend at $2.25 per share forever. If the risk-free rate is 4.5% and the risk premium on Brash's stick is 10.8%, what is the value of Brash's stock?"

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