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Question 8 : The stock of Physicians Care Network (PCN) has a beta of 2.0. Assume that the risk-free rate is 4% and the market

Question 8: The stock of Physicians Care Network (PCN) has a beta of 2.0. Assume that the risk-free rate is 4% and the market risk premium is 6%. PCN paid last dividend of $1.80 and the stock is currently traded at $19.80. What is the estimated growth rate? (10 points)

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