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You are considering investing in General Motors. Based on your research you've gathered the following information: Beta: 0 . 9 4 Risk - Free Rate:

You are considering investing in General Motors. Based on your research you've gathered the following information:
Beta: 0.94
Risk-Free Rate: 1.91%
Market Risk Premium: 5.56%
Next Year's Dividend: $1.83
You also don't expect General Motor's dividend to change going forward. Under the DDM, what is the most you should be willing to pay for a share of General Motors?

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