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Your broker is trying to sell you a stock with current market price of $29.00. The stock last dividend was $1.15 and earnings and dividends
Your broker is trying to sell you a stock with current market price of $29.00. The stock last dividend was $1.15 and earnings and dividends are expected to increase at a constant rate of 7%. Is the stock fairly valued, overvalued or undervalued if the risk free rate is 3% return on the market is 11% and the stock has a beta of 1.0?
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