10. Bimba Co. has a beta of 1.3 The expected market return is 14%, and...
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10. Bimba Co. has a beta of 1.3 The expected market return is 14%, and the risk-free rate is 6%. The most recent annual dividend for Bimba Co. was $6.26 per share and sales grew by 4% last year. It is expected taht dividends grow in the same way as sales. What is your best estimation for Bimba Co's stock price?
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