Question: 3) (10 pts) Using the table below, what is the maximum that an investor should be willing to pay for the share of common stock

 3) (10 pts) Using the table below, what is the maximum

3) (10 pts) Using the table below, what is the maximum that an investor should be willing to pay for the share of common stock today? Table below to be used with problem #3: Variable Value Explanation Dividend 5%, 3% 5% for next 2 years (annual growth estimate) and 3% per year estimate indefinitely thereafter. Current $1.00 Paid to shareholders on record as dividend of 4/28/19 Beta 2.0 Current estimate coefficient Expected 12.0% Expected (annual) return on the market S&P 500 Index return RFR 5.0% Expected 10-year Treasury bond yield

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