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please show all steps. thank you 5) Cleese Payment Company is expected to pay a $3 dividend per share at the end of this year.

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5) Cleese Payment Company is expected to pay a $3 dividend per share at the end of this year. The company's beta is 1. Three months US Treasury bill yield is 2%, and the return on the S&P 500 index is 12 %. It is expected to grow at 6% per year forever. How much should be the value of the shares

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