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You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $6.90. You have projected that dividends will grow

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You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $6.90. You have projected that dividends will grow at a rate of 7.0% per year indefinitely. The firm's beta is 1.79, the risk-free rate is 4.6%, and the market return is 13.6%. What is the most you should pay for the stock now? $33.32 $50.33 $53.85 $35.65 $58.83

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