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1/ Firm A has just paid a dividend of 2.5$ per share. The dividends are expected to grow during year 1 by 24.5% and during

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1/ Firm A has just paid a dividend of 2.5$ per share. The dividends are expected to grow during year 1 by 24.5% and during year 2 by 19% and during year 3 by 14.5% and during year 4 by 10%. Starting from year 4 the dividends are expected to grow constantly by 5.5% forever. The required rate of return on the stocks is 12%. Compute the intrinsic value of the stock now? (Show your steps)

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