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What is the companys current stock price

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The Corrigan Company just paid a dividend of $1 per share, and that dividend is expected to grow at a constant rate of 5% per year in the future. The company's beta is 1.1, the market risk premium is 5.5%, and the risk-free rate is 3.5%. What is the company's current stock price?
[Hint: find required rate of return first and then stock price.] 

Reference no: EM131053154

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