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No excel please and can you please show your work! (: Problem 7-10 The market price of a security is $70. Its expected rate of

No excel please and can you please show your work! (: image text in transcribed
Problem 7-10 The market price of a security is $70. Its expected rate of return is 12%. The risk-free rate is 7%, and the market risk premium is 7%. e if its beta doubles (and all other variables remain unchanged)? Assume the stock is expected to pay a constant dividend in perpetuity. (Round your answer to 2 decimal places.) Market price

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