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Thames Inc.'s most recent dividend was $2.40 per share (i.e., DO = $2.40). The dividend is expected to grow at a rate of 6.0% per

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Thames Inc.'s most recent dividend was $2.40 per share (i.e., DO = $2.40). The dividend is expected to grow at a rate of 6.0% per year. The risk-free rate is 5.0% and the expected return on the market is 9.0%. If the company's beta is 1.3, what is the price of the stock today? 1) $63.11 O2) $57.14 O 3) $48.92 4) $60.57

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