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Question 11 A common stock pays an annual dividend per share of $1.80. The risk-free rate is 5%, and the risk premium for this stock

Question 11

A common stock pays an annual dividend per share of $1.80. The risk-free rate is 5%, and the risk premium for this stock is 4%. If the annual dividend is expected to remain at $1.80 per share, what is the value of the stock?

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