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Homework: Chapter 8 Homework Save Score: 0 of 1 pt 4 of 7 (5 complete) HW Score: 71.43%, 5 of 7 pts Problem 8.LO4.28 (similar

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Homework: Chapter 8 Homework Save Score: 0 of 1 pt 4 of 7 (5 complete) HW Score: 71.43%, 5 of 7 pts Problem 8.LO4.28 (similar to) Question Help What is the price of a share of stock if the beta is 2 its next dividend is projected to be 52. and its growth rate is expected to be a constant 9%, assuming the market return is 16% and the risk-free rate is 8%? The price of a share of stock is $ . (Round to the nearest cent.) Enter your answer in the answer box and then click Check

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