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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 $4.70 and

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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 $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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