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The beta is 2, the market is expected to earn 15% and the risk free rate is 4%. ABC Inc. has paid the following dividends.

The beta is 2, the market is expected to earn 15% and the risk free rate is 4%. ABC Inc. has paid the following dividends. 3 years ago $3, 2 years ago $3.24, last year $3.50. What is a fair price?

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