Is techno electronics stock correctly priced

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The current risk-free rate is 3.5%. The market risk premium is 7%. Techno Electronics, with a beta coefficient of 0.9, is currently selling for $28 per share. The company is expected to grow at 4% constantly forever. The last dividend paid to stockholders was $1.75 per share. Is Techno Electronics stock correctly priced? explain

Reference no: EM131982556

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