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Stock in Country Road Industries has a beta of 85. The market risk premium is 8 percent, and T- bills are currently yielding 5 percent.

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Stock in Country Road Industries has a beta of 85. The market risk premium is 8 percent, and T- bills are currently yielding 5 percent. The company's most recent dividend was $1.60 per share, and dividends are expected to grow at a 6 percent annual rate indefinitely. What should be value of its stock

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