You are considering buying common stock in Grow On, Inc. You have projected that the...
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You are considering buying common stock in Grow On, Inc. You have projected that the next dividend the company will pay will equal $6.90 and that dividends will grow at a rate of 7.0% per year thereafter. The firm's beta is 1.01, the risk-free rate is 7.7%, and the market return is 13.8%. What is the most you should pay for the stock now? $109.89 $107.62 $49.78 $53.27 $100.58
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