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a tuskegee.b updates now or try tonighr? Upgrade to macOS High Sierra Erjgy the latest sechnologies and refinements to your favore Save and Submit & Click Subeit to complete this assesment 10 points Save Question 4 Dyer Furniture is expected to pay a dividend of D1-$1.25 per share at the end of the year, and that dividend is esxpected to grow at a constant rate of 6,009% per year n h what S Dyer, current stock po., companys bta s 1,1s.the market rate of reun is 10%, ard the nsk-tse rat. i. 4,00 %. For the toolbar, press ALT-F10 (PC) or ALT FN-F10(Mach MacBook Ai 6 7 8 9 3 5

Solution

required rate of return = risk free rate + beta * market risk premium

= 4% + 1.15 * 6% = 10.9%

stock price = next dividend/( required rate of return - g)

= 1.25/(.109 - .06)

= $25.51