Question: 39) Duff's Beer common stock has a beta of o.7 and an expected dividend of $3.50. The US Treasury bill rate is 2% and the

39) Duff's Beer common stock has a beta of o.7 and an expected dividend of $3.50. The US Treasury bill rate is 2% and the market risk premium is 9%, what is the value of this stock ifa constant annual growth rate of 5% is expected in dividends and earnings? A. $111.36 B. $176.10 C. $106.06 D. $184.21 E. $193.42

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