Risk-free rate of return-what price should share sell

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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 1.2. If the dividend per share expected during the coming year, D1, is $2.40 and g = 6%, at what price should a share sell? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM131048667

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