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The telsa Company is expected to pay a dividend of D1 = $1.25 per share af the end of the year and that dividend is
The telsa Company is expected to pay a dividend of D1 = $1.25 per share af the end of the year and that dividend is expected to grow at a constant rate of 6.00% per year in the future. The company's beta is 1.25, the market risk premium is 5.50%, and the risk-free rate is 4.00%. what is the company's current stock price?
can you please explain it and provide the answer.
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, William J. Kretlow
11th Edition
0324653506, 978-0324653502
