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Please answer the question below with an explanation Monk Corporation (MC) has recently paid an annual dividend of $1.50. The dividend is expected to increase
Please answer the question below with an explanation
Monk Corporation (MC) has recently paid an annual dividend of $1.50. The dividend is expected to increase forever at a 3.0% annual rate. MCs beta is exactly 0.70. The riskless rate is 3% and the market risk premium is 6%. What is the current value of MC shares?
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