#40 The risk-free rate is 1.24% and the market risk premium is 8.85%. A stock with a...
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#40
The risk-free rate is 1.24% and the market risk premium is 8.85%. A stock with a of 1.51 just paid a dividend of $1.32. The dividend is expected to grow at 23.21% for three years and then grow at 3.97% forever. What is the value of the stock?
Answer format:Currency: Round to: 2 decimal places.
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