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36. A firm just paid a dividend of $2.00. Dividends will grow at 10% for years 1 and 2 . Dividends grow at 4% thereafter.

image text in transcribed 36. A firm just paid a dividend of $2.00. Dividends will grow at 10% for years 1 and 2 . Dividends grow at 4% thereafter. The required return is 12%. Compute the intrinsic value of this stock today. (5 pts.)

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