Required return on the market

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Reference no: EM131070577

National Advertising just paid a dividend of Do = $0.75 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 1.7, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's current stock price?

Reference no: EM131070577

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