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KLN stock has a beta of 1.90. The expected annual dividend per share for the coming year is $5.00. The dividend is expected to grow
KLN stock has a beta of 1.90. The expected annual dividend per share for the coming year is $5.00. The dividend is expected to grow indefinitely at an annual rate of 5.10%. The market risk premium is 8.70%. If the risk-free rate is 2.60%, then what should be the price of KLN stock? a $35.64 b. $74.59 C. $55.01 d. $62.16 e. $28.06 Clear my choice
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