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RIO's company's ordinary shares are expected to pay$ 2 per share in dividends for 2 years and after which the dividends are expected to grow

RIO's company's ordinary shares are expected to pay$ 2 per share in dividends for 2 years and after which the dividends are expected to grow at 2.3% annually forever. CompanyABC's shares have a beta of 1.3. Thelong-term return of ASX200 is 9.9% and the market risk premium is 6%

a.What is the expected return ofRIO's shares according to theCAPM?

b.What is the implied price pershare?

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