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The beta of a company's stock is 1.5. Its share price and dividend next year are expected to be $110 and $5, respectively. Suppose that

The beta of a company's stock is 1.5. Its share price and dividend next year are expected to be $110 and $5, respectively. Suppose that the risk-free rate is 3% and the market risk premium is 7%. What is the current price of the company's stock?

A.$96.92

B.$101.32

C.$105.50

D.$111.65

E.$120.97

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