What is the company current stock price

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A company just paid a dividend of $0.80 per share and the dividend is expected to grow at a constant rate of 6% per year in the future. The company's beta is 1.25, the market risk premium is 5%, and the risk-free rate is 4%. What is the company's current stock price (round your answer to two decimal places)

Reference no: EM132811897

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