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Suppose you are considering buying a stock. The stock pays a dividend of $4 per year with the next dividend due one year from today.

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Suppose you are considering buying a stock. The stock pays a dividend of $4 per year with the next dividend due one year from today. Using the CAPM, you estimate your required return at 9% to compensate you for the risk of this stock's cash flows. What is the maximum price you are willing to pay for a share of the stock? LO3 $30.33 $44.44 $45.25 $41.65

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