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Moving to another question will save this response. Question 17 of 24 tion 17 13 points Save Ansy es #2 Type Di Ant Appliances has

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Moving to another question will save this response. Question 17 of 24 tion 17 13 points Save Ansy es #2 Type Di Ant Appliances has come out with an improved product, and the world is beating path to its door. As a result, the firm projects its earnings and dividend growth of 251 per year for 5 years. By then, other firms will have copycat technology, competition will drive down profit margins, and the sustainable earnings and dividend growth rate will fall to 100. The most recent annual dividend was $1 per share. What should be the stock price today? Assume that the stock has a beta of 3.0. Treasury bill yield 3 and the market return is 6). TT T Arial 3 (12pt) T. QiX Pathp Words Moving to another question will save this response Question 17 of 24 > etv A sok Pro

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