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You believe that the Beta Alpha Watch Company will be worth $100 per share one year from now. How much are you willing to pay
You believe that the Beta Alpha Watch Company will be worth $100 per share one year from now. How much are you willing to pay for one share today if the risk-free rate is 8 percent, the expected rate of return on the market is 18 percent, and the company's beta is 2.0?
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