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***Please show the work. Thank you! Temple Lunch Trucks, Inc. just paid a dividend of $2.00. Dividends are expected to grow at a rate of
***Please show the work. Thank you!
Temple Lunch Trucks, Inc. just paid a dividend of $2.00. Dividends are expected to grow at a rate of 3% per year from here on out. If the risk-free rate is 2%, the MRP is 8%. and Temple Lunch Trucks' stock is only 40% as risky as the market, what is the most that you should be willing to pay for a share of this stock today? A. $147.14 B. $142.86 C. $90.91 D. $93.64Step by Step Solution
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