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Question 20 (1 point) A company's most recently paid annual dividend was $2.40 per share. Dividends are expected to grow at a rate of 6%

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Question 20 (1 point) A company's most recently paid annual dividend was $2.40 per share. Dividends are expected to grow at a rate of 6% per year. The risk-free rate is 5% and the return on the market is 9%. If the company's beta is 1.3, the price of the stock today is: i2.2.1.1. $44.63 c. $57.14 d. $60.57

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