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Spam Corp. is financed entirely by common stock and has a beta of 1.00. The firm is expected to generate a level, perpetual stream of
Spam Corp. is financed entirely by common stock and has a beta of 1.00. The firm is expected to generate a level, perpetual stream of earnings and dividends. The stock has a price-earnings ratio of 11.91 and a cost of equity of 8.40%. The company |
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