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14. A firm is planning on paying its first dividend of $2 in three years. After that dividends are expected to grow at 6% per
14. A firm is planning on paying its first dividend of $2 in three years. After that dividends are expected to grow at 6% per year indefinitely. The stock's required return is 14%. [Same information as the problem above.] What is the intrinsic value of a share one year from today? A. $23.24 B. $21.93 C. $19.24 D. $17.91
14. A firm is planning on paying its first dividend of $2 in three years. After that dividends are
expected to grow at 6% per year indefinitely. The stock's required return is 14%. [Same
information as the problem above.] What is the intrinsic value of a share one year from today?
A. $23.24
B. $21.93
C. $19.24
D. $17.91
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