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Kramerica, Inc. just paid a dividend of $2.25 that is expected to grow at 6% per year. If their beta is 1.6 with a risk-free
Kramerica, Inc. just paid a dividend of $2.25 that is expected to grow at 6% per year. If their beta is 1.6 with a risk-free rate of 2% and expected market return of 8%, what should be the price of their stock in four years?
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