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NoGrowth Inc. pays a dividend of $5.00 one year from today. The dividend will remain at that level in perpetuity. The beta for this stock

NoGrowth Inc. pays a dividend of $5.00 one year from today. The dividend will remain at that level in perpetuity. The beta for this stock is 1.6. The risk-free rate is 4% per year, and the expected return on the market index is 10%. The fair price for this stock is closest to:

$83.33

$50.00

$36.76

$25.00

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