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2. Assume that you are considering the purchase of a stock which will pay dividends of $20 (Div 1) next year, and $21.6 (Div2) the
2. Assume that you are considering the purchase of a stock which will pay dividends of $20 (Div 1) next year, and $21.6 (Div2) the following year. After receiving the second dividend, you plan on selling the stock for $333.3. What is the intrinsic value of this stock if your required return is 15%?
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