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Temple Lunch Trucks, Inc. just paid a dividend of $3.50. Dividends are expected to grow at a rate of 4% per year from here on

Temple Lunch Trucks, Inc. just paid a dividend of $3.50. Dividends are expected to grow at a rate of

4% per year from here on out. If the risk-free rate is 2.5%, the expected return on the market is 5% and

Temple Lunch Trucks stock has twice the average market risk, what is the most that you should be

willing to pay for a share of this stock today?

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