Question: Can you please provide the explanation, formula and correct answer for the problem above? Based on the following data for KLP stock, what is the

Can you please provide the explanation, formula and correct answer for the problem above?
Based on the following data for KLP stock, what is the implied beta for the stock? Dividend just paid, D0=$4 10-year Treasury bond yield 3% Current market price, P0=$146.67 Market risk premium =10% Constant dividend growth rate =10% Assume that the stock is priced in equilibrium. Select one: a. 0.8 b. 1.4 c. 2.0 d. 1.0 e. 1.2
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