If the dividend per share expected during the coming year, Financial Management

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If the dividend per share expected during the coming year

The risk-free rate of return is 6%, the required rate of return on the market is 10%, and High-Flyer stock has a beta coefficient of 2.5. If the dividend per share expected during the coming year, D1, is $2.20 and g = 5%, at what price should a share sell? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Financial Management: If the dividend per share expected during the coming year

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