What is the expected price of the stock

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The risk-free rate is 4%; the market risk premium is 8%. VVH Company's stock has a beta of 3. The last dividend was $4 per share. The dividend is expected to grow at 5%. What is the expected price of the stock?
Select one:
a. $18.26
b. $21.21
c. $20.77
d. $19.21

Reference no: EM132535054

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