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Laurentide Resort has just paid a dividend of $3. The current stock price is $25. The beta of the company is 1.3, the risk-free rate

Laurentide Resort has just paid a dividend of $3. The current stock price is $25. The beta of the company is 1.3, the risk-free rate is 2 percent, and the market risk premium is 6 percent. The firm earns a return on equity of 10%. Is this a growth firm?

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