If dividends are expected to grow at a 5 percent rate
A stock paid a $1 dividend last year. The risk- free rate is 5 percent; the expected return onthe market is 12 percent; and the stock's betais 1.5. If dividends are expected to grow at a 5 percent rate forever, what is the value of the stock?
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a stock paid a 1 dividend last year the risk- free rate is 5 percent the expected return onthe market is 12 percent and
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