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rate of return

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Question

The risk-free rate of return is 6%, the required rate of return on the market is 14%, and High-Flyer stock has a

beta coefficient of 1.2. If the dividend per share expected during the coming year, D1, is $5.40 and g = 6%, at what price should a share sell? (Do not round intermediate calculations. Round your answer to 2 decimal places.)  

Share price           $

 
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