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NRT stock has beta of 0.9 and the company has an asset beta of 0.7. It is projected to pay the following dividends per share. If you are willing to buy it at $10 per share today (time 0), what must you believe its year 3 ex-dividend price will be? [7] 3. 2 3 $1.00 $1.20 $1.40 The risk free rate is 3%. The market risk premium is 7%. The beta of debt is zero, so the cost of debt is always 3% The corporate tax rate is 21% unless specified otherwise. Capital structure changes don't have transaction costs and don't affect investment policy. NRT stock has beta of 0.9 and the company has an asset beta of 0.7. It is projected to pay the following dividends per share. If you are willing to buy it at $10 per share today (time 0), what must you believe its year 3 ex-dividend price will be? [7] 3. 2 3 $1.00 $1.20 $1.40 The risk free rate is 3%. The market risk premium is 7%. The beta of debt is zero, so the cost of debt is always 3% The corporate tax rate is 21% unless specified otherwise. Capital structure changes don't have transaction costs and don't affect investment policy