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What is the price of a share of stock if the beta is 2, its next dividend is projected to be $4, and its growth
What is the price of a share of stock if the beta is 2, its next dividend is projected to be $4, and its growth rate is expected to be a constant 7%, assuming the market return is 16% and the risk-free rate is 5%? The price of a share of stock is $ (Round to the nearest cent.)
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