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Ke e Market rate of retten ke = 2.97/22 9 - growth rate = 0.135 02 13.55 7. Beach Company recently paid a $1.48 per

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Ke e Market rate of retten ke = 2.97/22 9 - growth rate = 0.135 02 13.55 7. Beach Company recently paid a $1.48 per share annual dividend. Dividends are expected to increase by 2.5 percent annually. What is one share of this stock worth today if the appropriate discount rate is 14 percent

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