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QUESTION 23 A firm pays an annual dividend of $1.15 today. The risk-free rate (RF) is 2.5%, and the risk premium for the stock is

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QUESTION 23 A firm pays an annual dividend of $1.15 today. The risk-free rate (RF) is 2.5%, and the risk premium for the stock is 7%. What is the value of the stock, if the dividend is expected to remain constant? A. About $25.00 B. About $16.03. C. About $12.11. D. Not enough information to solve this problem. E. None of the above

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