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Please show all work to receive credit and use excel if applicable 23. Leicester Corp. is expected to pay a dividend of $2.70 per share

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Please show all work to receive credit and use excel if applicable

23. Leicester Corp. is expected to pay a dividend of $2.70 per share in the upcoming year. Dividends are expected to grow at 8% per year. The risk-free rate of return is 3% and the expected return on the market portfolio is 11%. The stock has a beta of 1.2. Using CAPM, the return you should require on the stock is

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