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Please show work 9. (Putting everything together) Company A can't pay dividends in year 1 and 2 and only starts paying a $3 dividend from

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9. (Putting everything together) Company A can't pay dividends in year 1 and 2 and only starts paying a $3 dividend from year 3 onwards and the dividend grows at 2% annually forever. a) Company A's shares have a beta of 1.2. If the market risk premium is 5% and the long-term return of ASX200 is 9%, what is the expected return of the shares according to the CAPM? b) What is the implied price of Company A's share today

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