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National Advertising just paid a dividend of Do = $0.75 per share, and that dividend is expected to grow at a constant rate of 6.50%
National Advertising just paid a dividend of Do = $0.75 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 1.45, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's current stock price? MC.05.033.Algo : Not Answered a. $11.46 b. $11.23 O c. $12.15 O d. $11.92 O e. $11.69
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