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26.What is the intrinsic value of a stock that expects to pay its first dividend of $1.75 in a year? The firm believes it can

26.What is the intrinsic value of a stock that expects to pay its first dividend of $1.75 in a year? The firm believes it can maintain a constant growth rate of 5% on the dividend, and the required return for the stock is 9.57%

A. $38.19 B. $38.29 C. $38.39 D. $38.49

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