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The Hogan Company's last dividend paid was $3.00 and is expected to grow at 4% indefinitely. If the risk free rate is 3%, the market
The Hogan Company's last dividend paid was $3.00 and is expected to grow at 4% indefinitely. If the risk free rate is 3%, the market risk premium is 5%, and the firm's beta is 1.5, what is the expected value of its common stock?
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