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Please use formulas and not excel! SE Co. just paid a dividend of $1.20 per share, and that dividend is expected to grow at a

image text in transcribedPlease use formulas and not excel!

SE Co. just paid a dividend of $1.20 per share, and that dividend is expected to grow at a constant rate of 2% per year in the future. The company's beta is 1.65, the market risk premium is 6%, and the risk-free rate is 3%. What is the company's current stock price, P0 ? [Hint: first find rs using CAPM] (A) $11.23 B $12.12 (C) $12.94 (D) $13.57 (E) $14.35

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