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You believe that the Beta Alpha Watch Company will be worth $60 per share one year from now. How much are you willing to pay

  1. You believe that the Beta Alpha Watch Company will be worth $60 per share one year from now. How much are you willing to pay for one share today if the risk-free rate is 4%, the expected return on the market portfolio is 14%, and the companys beta is 2? You need to use the discounted cash flow model. (6 points)

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