What is the price of a share of stock

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Question: What is the price of a share of stock if the beta is 2, its next dividend is projected to be $2, and its growth rate is expected to be a constant 4%, assuming the market return is 16% and the risk-free rate is 7%? The price of a share of stock is $. (Round to the nearest cent.) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132052329

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