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Would appreciate if provide working with formula DigDug Company is expected to pay a dividend of RM2.25 and expected firm's common stock price in next

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DigDug Company is expected to pay a dividend of RM2.25 and expected firm's common stock price in next year would be RM17.70. Beta of the firm is 1.1, risk-free rate is 3% and market return portfolio is 6%. Determine the price of the common stock today. ANSWER : RM18.77 [CLO1:PLO1:C1](4 marks)

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