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What is the price of a share of a stock if the beta is 2, its next dividend is projected to be $4, and its
What is the price of a share of a stock if the beta is 2, its next dividend is projected to be $4, and its growth rate is expected to be a constant 8%, assuming the market return is 14%, and the risk-free rate is 6%. The price of the shared stock is...? (Round to the nearest cent).
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