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QUESTION
The risk free rate of return is 5%, the required rate of return on the market is 10%, and Higher-Flyer stock has a beta coefficient of 1.
The risk free rate of return is 5%, the required rate of return on the market is 10%, and Higher-Flyer stock has a beta coefficient of 1.5. If the dividend per share expected during the coming year is $2.5 and growth rate is 4%, at what price should a share shell?
