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You are considering buying common stock in Grow On , Inc. You have projected that the next dividend the company will pay will equal $

You are considering buying common stock in Grow On, Inc. You
have projected that the next dividend the company will pay will
equal $4.70 and that dividends will grow at a rate of 5.0% per year
thereafter. The firm's beta is 0.69, the risk-free rate is 5.9%,
and the market return is 14.3%. What is the most you should pay for
the stock now?$73.66$70.15$40.17$42.18$76.64

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