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Weston Corporation just paid a dividend of Do = $0.80 per share, and that dividend is expected to grow at a constant rate of
Weston Corporation just paid a dividend of Do = $0.80 per share, and that dividend is expected to grow at a constant rate of 8% per year in the future. The company's beta is 1.50, the required return on the market is 11.00%, and the risk-free rate is 5.00%. What is the company's current stock price? O $14.85 O $15.89 O $14.40 $15.26 O $12.64
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
