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5. AT&T (T) paid a $2 dividend last year (DO=$2). The dividend was expected to grow at a constant rate of 4 percent a year,

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5. AT&T (T) paid a $2 dividend last year (DO=$2). The dividend was expected to grow at a constant rate of 4 percent a year, and the stock's required rate of return is 9 percent. If you revise the dividend growth rate to 5 percent, what is the percentage change of the intrinsic value of AT&T? (CONSTANT DIVIDEND GROWTH MODEL AND SENSITIVITY ANALYSIS)

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