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XYZ will pay a dividend of $2.00 at the end of year 1. The dividend is expected to grow at 4% in perpetuity. If the

image text in transcribed XYZ will pay a dividend of $2.00 at the end of year 1. The dividend is expected to grow at 4% in perpetuity. If the risk free rate is 6%, the expected return on the market portfolio is 12.5%, and the beta of XYZ is 1.3 , what should be the price of this stock

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