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(3). If the dividend of a stock is expected to grow for only three years at 6% annually and then 7% annually thereafter. Furthermore, assume

(3). If the dividend of a stock is expected to grow for only three years at 6% annually and then 7% annually thereafter. Furthermore, assume that the investors required rate of return has now changed to 9%, and the dividend is $2.00, what would expect the intrinsic value of the stock? **PLEASE, DOUBLE CHECK YOUR ANSWER BEFORE SUBMISSION. I'VE BEEN GETTING A LOT OF WRONG ANSWERS HERE ON CHEGG! THANK YOU!**

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