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Please answer the following: A stock has a beta of 1.42, the risk-free rate is 2.53% and the market premium is 2.79%. The stock will
Please answer the following:
A stock has a beta of 1.42, the risk-free rate is 2.53% and the market premium is 2.79\%. The stock will pay a $2.47 as dividend for 30 years (starting a year from now) and after that nothing (firm will liquidate). What is the price of the stock? Round the answer to two decimal places. YourStep by Step Solution
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