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More Corp has a beta of 0.5. The current risk free rate is 1%. The expected return on the market is 10.0%. More just paid

More Corp has a beta of 0.5. The current risk free rate is 1%. The expected return on the market is 10.0%. More just paid a dividend of $1.00 and they believe they will grow that dividend at a 4% rate for the indefinite future. What is the current price of More?

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