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Take the example we saw in class. The current price is $48, we expect next year's price and dividend to be $52 and $4. The

Take the example we saw in class. The current price is $48, we expect next year's price and dividend to be $52 and $4. The risk free rate is 6%, the market risk premium is 5%. Suppose the stock is overvalued. This implies that the beta of the stock is at least?

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