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Please show work 5. You are considering buying common stock in Grow On, Inc. You have projected that the next dividend the company will pay

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5. You are considering buying common stock in Grow On, Inc. You have projected that the next dividend the company will pay will equal $7.60 and that dividends will grow at a rate of 6.0% per year thereafter. The firm's beta is 0.93, the risk- free rate is 6.1%, and the market return is 13.6%. What is the most you should pay for the stock now

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