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5. DWI has just paid an annual dividend of $2 per share, which is expected to grow at 5% indefinitely. If your client's required rate

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5. DWI has just paid an annual dividend of $2 per share, which is expected to grow at 5% indefinitely. If your client's required rate of retum to meet her retirement goals is 12%, what is the intrinsic value of the stock using the constant growth dividend discount model? a. $23.43 b. $26.00. c. $28.57. d. $30.00

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