The risk-free rate of return is 8 the required rate of


The risk-free rate of return is 8%, the required rate of return on the market is 13%, and High-Flyer stock has a beta coefficient of 2.4. If the dividend per share expected during the coming year, D1, is $4.50 and g = 6%, at what price should a share sell? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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Financial Management: The risk-free rate of return is 8 the required rate of
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