The required rate of return on the market

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The risk-free rate of return is 5%, the required rate of return on the market is 15%, and High-Flyer stock has a beta coefficient of 1.0. If the dividend per share expected during the coming year, D1, is $3.50 and g = 5%, at what price should a share sell? (Do not round intermediate calculations. Round your answer to 2 decimal places.)  

Share price            $

Reference no: EM132040826

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