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What should the price be for a stock with the following characteristics? Beta: 0.85 Current Dividend: $3.25 Constant Dividend Growth Rate: 3.0% Assume that the

What should the price be for a stock with the following characteristics?

Beta: 0.85

Current Dividend: $3.25

Constant Dividend Growth Rate: 3.0%

Assume that the expected market return is 15%, and the risk-free rate is 8%.

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