**What is the stock’s beta**

**Copy of Cartwright Brothers’ stock is currently selling for $30 a share. The stock is expected to pay a $3 dividend at the end of the year. The stock’s dividend is expected to grow at a constant rate of 8 percent a year forever. The risk-free rate (rRF) is 6 percent and the market risk premium (rM – rRF) is also 6 percent. What is the stock’s beta**

**Copy of Cartwright Brothers’ stock is currently selling for $30 a share. The stock is expected to pay a $3 dividend at the end of the year. The stock’s dividend is expected to grow at a constant rate of 8 percent a year forever. The risk-free rate (rRF) is 6 percent and the market risk premium (rM – rRF) is also 6 percent. What is the stock’s beta**

**Copy of Cartwright Brothers’ stock is currently selling for $30 a share. The stock is expected to pay a $3 dividend at the end of the year. The stock’s dividend is expected to grow at a constant rate of 8 percent a year forever. The risk-free rate (rRF) is 6 percent and the market risk premium (rM – rRF) is also 6 percent. What is the stock’s beta**