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1. Firm D just paid a dividend of $0.64 per share. The dividend is expected to grow by 3% into perpetuity. If the cost of

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1. Firm D just paid a dividend of $0.64 per share. The dividend is expected to grow by 3% into perpetuity. If the cost of equity is 9.3%, what is the intrinsic value of the stock? o $10.46 o $10.99 o $7.09 o $10.16

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