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corporate finance 2a. Cartwright Brothers' stock is currently selling for $40 per...

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Finance

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2a. Cartwright Brothers' stock is currently selling for $40 per share. The stock is expected to pay a $2 dividend at the end of the year. The dividend growth rate is expected to be a constant 7% per year. The risk-free rate is 6% and the market risk premium is 6%. What is the stock's beta? Assume the stock is in equilibrium and its expected rate of return is equal to its required rate of return

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