单选题
A stock will pay a $4 dividend next year, $5 the year after, and
$4.3 the following year. An investor believes that he can then sell the stock
for $65 at the end of a 3-year holding period. The risk-flee rate of interest is
8%, the market return is 12%, and the stock's beta is 1.1. What is the value of
the stock?
- A. $47.0
- B. $52. 8
- C. $56.3