Petecorps stock has a beta of 122 its dividend is expected


Question: PeteCorp's stock has a Beta of 1.22. Its dividend is expected to be $1.87 next year, and will grow by 5% per year after that indefinitely. Assume the risk-free rate is 4%, and the Market Risk Premium is 6%. The stock price would currently be estimated to be $________.

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Finance Basics: Petecorps stock has a beta of 122 its dividend is expected
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