What is the maximum price you would pay for a common stock


What is the maximum price you would pay for a common stock given that the risk free rate of return is 4%, the current dividend is $6.00, the return on the average stock in the market is 11%, the growth rate in dividends for the stock is 4% per year, and the beta for the stock is 1.3?

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Financial Management: What is the maximum price you would pay for a common stock
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