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Use the information to answer the following question. Thames Inc.'s most recent dividend was $2.40 per share. The dividend is expected to grow at 3%
Use the information to answer the following question. Thames Inc.'s most recent dividend was $2.40 per share. The dividend is expected to grow at 3% per year. The T-bill rate is 5% and the market return rate is 9%. The company's beta is 1.3. What is the expected price of the stock two years later? Select one: a. $35.36 b. $57.14 c. $37.83 x d. $36.42 e. $72.14
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