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Please provide assistance at arriving at this answer to this practice question. True or false. Valley Corporation has just paid an annual dividend of $3.00

Please provide assistance at arriving at this answer to this practice question. image text in transcribed

True or false. Valley Corporation has just paid an annual dividend of $3.00 and the annual long-term growth rate of its dividends is expected to be 6%. The estimated value of Valley Corporation's stock if its beta is 1.5, the market risk premium is 15.0% and the current treasury yield is 3.0% would be $16.31. True O False

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