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Schnusenberg Corporation just paid a dividend of D0 = $2.00 per share, and that dividend is expected to grow at a constant rate of 6.50%
Schnusenberg Corporation just paid a dividend of D0 = $2.00 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 1.15, the required return on the market is 14.50%, and the risk-free rate is 4.50%. What is the company's current stock price? Do not round intermediate calculations. a. $32.77 b. $26.63 c. $13.31 d. $22.42 e. $21.05
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