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Question 2 4 pts A stock just paid $4.9 dividend yesterday. The dividend is expected to grow at 4.0% per year thereafter. If the beta

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Question 2 4 pts A stock just paid $4.9 dividend yesterday. The dividend is expected to grow at 4.0% per year thereafter. If the beta of the stock is 0.9, risk-free rate is 2.3%, and the market risk premium is 6%, then using the dividend discount model, the stock price should be --- (Round your answer to two decimal places, such as 12.34)

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