Maryland Technology stock is expected to be priced at $52.80 in 1 year. It is...
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Maryland Technology stock is expected to be priced at $52.80 in 1 year. It is expected to pay its next dividend, which is expected to be $2.50, in 1 year. The stock has a beta of 0.60. The market has an expected return of 13.10% and the risk-free rate is 1.00%. What is the current price of Maryland Technology stock?
| $48.77 (plus or minus $0.10) | ||
| $51.08 (plus or minus $0.10) | ||
| $46.68 (plus or minus $0.10) | ||
| $48.89 (plus or minus $0.10) | ||
| None of the above is within $0.10 of the correct answer |
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