What is the price of the stock today

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Reference no: EM131599592

CF Lee Inc.’s most recent dividend was $3 per share (D0). The dividend is expected to grow at a rate of 7 percent per year. The risk-free rate is 2% and the return on the market is 10%. If the company’s beta is 1.5, what is the price of the stock today?

$44.41

$45.86

$47.53

$48.42

$43.56

Reference no: EM131599592

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