Question: 6. Thames Inc.'s most recent dividend was $3.00 per share (D = $3.00). The dividend is expected to grow at a rate of 5 percent

6. Thames Inc.'s most recent dividend was $3.00 per share (D = $3.00). The dividend is expected to grow at a rate of 5 percent per year. The risk-free rate is 5 percent and the return on the market is 9 percent. If the company's beta is 1:5, what is the price of the stock today? a $63.60 b. $57.14 c. $40.00 d. S68.06 e. S$2.50

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