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McD's common stock has a Beta of 0.70. The expected return of the market is 15% and the risk-free rate is 3%. McD's expects to

McD's common stock has a Beta of 0.70. The expected return of the market is 15% and the risk-free rate is 3%. McD's expects to pay a constant dividend of $2.10 every year, forever. The price of McD's common stock is $__________.

$18.42

$17.37

$20.59

$21.65

$19.48

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