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RIO's company's ordinary shares are expected to pay $1.3 per share in dividends for 3 years and after which the dividends are expected to grow

RIO's company's ordinary shares are expected to pay $1.3 per share in dividends for 3 years and after which the dividends are expected to grow at 1.6% annually forever. Company ABC's shares have a beta of 1.2. The long-term return of ASX200 is 8.7% and the market risk premium is 5%.

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a. What is the expected return of RIO's shares according to the CAPM?

b. What is the implied price per share?

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