What would be the current price of upton stock

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Reference no: EM131050409

The risk-free rate is 11% and the expected return on the market is 14%. Upton Company’s stock has a beta coefficient of 1.5. If Upton's next dividend is $1.8 and the dividends are expected to grow at a constant 5% a year, what would be the current price of Upton’s stock? Round your answer to two decimal places.

Reference no: EM131050409

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