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Please use formulas to solve this and not Excel 5. Fancy Fashions common stock has just paid a dividend of $1.8 per share and is

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Please use formulas to solve this and not Excel

5. Fancy Fashions common stock has just paid a dividend of $1.8 per share and is selling for $34.48 each. The firm expects its dividend to grow at a constant rate of 6.3 percent a year. What is the risk premium associated with the stock if the risk free rate is 4.25 percent

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