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Required: The risk - free rate of return is 5 % , the required rate of return on the market is 1 2 % ,

Required:
The risk-free rate of return is 5%, the required rate of return on the market is 12%, and High-Flyer stock has a beta coefficient of 1.0. If
the dividend per share expected during the coming year, D1, is $3.00 and g=4%, at what price should a share sell? (Do not round
intermediate calculations. Round your answer to 2 decimal places.)
Share price
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