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Problem 8.LO4.31 s Question Help What is the price of a share of stock if the beta is 1.5, its next dividend is projected to

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Problem 8.LO4.31 s Question Help What is the price of a share of stock if the beta is 1.5, its next dividend is projected to be $3.50, and its growth rate is expected to be a constant 7%, assuming the market return is 15% and the risk-free rate is 7%? The price of a share of stock is $ (Round to the nearest cent.)

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