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15. A firm is planning to pay NO dividends next year (year one) and will pay its first dividend of $2 in year two. After

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15. A firm is planning to pay NO dividends next year (year one) and will pay its first dividend of $2 in year two. After that the dividends are expected to grow at 6% per year indefinitely. The stock's required return is 14%. What is the intrinsic value of a share today? A. $25.00 B. $16.87 C. $19.24 D. \$20.99

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