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3:39 Today 1:21 PM Edit 15. Cavalier Construction specializes in designing and building custom homes. Business has been excellent, and Cavalier projects a 10% growth

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3:39 Today 1:21 PM Edit 15. Cavalier Construction specializes in designing and building custom homes. Business has been excellent, and Cavalier projects a 10% growth rate for the foreseeable future. The company just paid a $3.75 dividend to its stockholders. Comparable stocks are returning 11%. a. What is the intrinsic value of Cavalier stock based on this information? b. Does this seem reasonable? Why or why not? C. If Cavalier's growth rate is only 8.5% and comparable stocks are really returning 12%, what would the intrinsic value of Cavalier's stock be? d. Do those relatively small changes in assumption justify the change in the intrinsic value of the stock? Why or why not? (15 Points) Enter your

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