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The Corrigan Company just paid a dividend of $1 per share, and that dividend is expected to grow at a constant rate of 5% per
The Corrigan Company just paid a dividend of $1 per share, and that dividend is expected to grow at a constant rate of 5% per year in the future. The company's beta is 1.2, the market risk premium is 5%, and the risk-free rate is 3%. What is the company's current stock price? Answer $19.25 $21.00 $22.75 $24.50 $26.25
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