What is the dollar duration

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Question: What is the dollar duration (with respect to the risk-free rate) of a stock with a beta of 1.2 that just paid a USDS 1.50 dividend that is expected to grow at 3% per year indefinitely in an economy with risk-free rate of 2.25% per year and an expected market return of 7% per year?

Reference no: EM133326411

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