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Type 1A: Brite Events has been growing at a rate of 20% per year, and you expect this growth rate in earnings and dividends to

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Type 1A: Brite Events has been growing at a rate of 20% per year, and you expect this growth rate in earnings and dividends to continue for another 4 years. The last dividend paid was $2, and if the steady (ie, constant) growth rate after 4 years is 5%, what should the stock price be today? Assume that the stock has a beta of 2.0. Treasury bils yield 3%, and the market risk premium is 6% TT TT Paragraph Arial 3 (12pt) E - E

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