(12 of 21) Suppose you are considering buying a stock. You expect the stock to pay...

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(12 of 21) Suppose you are considering buying a stock. You expect the stock to pay a dividend of $3 one year from today and that the dividend will grow 3% each year after that. Using the CAPM, you estimate your required return at 7% to compensate you for the risk of this stock's cash flows. What is the maximum price you are willing to pay for a share of the stock? LO3 O $41.00 O $53.33 $25.25 O $75.00 Note: Clicking any button other than the Save Answer button will NOT save any changes to your (12 of 21) Suppose you are considering buying a stock. You expect the stock to pay a dividend of $3 one year from today and that the dividend will grow 3% each year after that. Using the CAPM, you estimate your required return at 7% to compensate you for the risk of this stock's cash flows. What is the maximum price you are willing to pay for a share of the stock? LO3 O $41.00 O $53.33 $25.25 O $75.00 Note: Clicking any button other than the Save Answer button will NOT save any changes to your