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PeteCorp's stock has a Beta of 1.18. Its dividend is expected to be $2.81 next year, and will grow by 7% per year after that
PeteCorp's stock has a Beta of 1.18. Its dividend is expected to be $2.81 next year, and will grow by 7% per year after that indefinitely. Assume the risk-free rate is 3%, and the Market Risk Premium is 7%. The stock price would currently be estimated to be $________.
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