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5. Federova's broker tells her that Cool Water Ine is expected to pay a dividend of $3.20 per share for the foreseeable future. She purchases

5. Federova's broker tells her that Cool Water Ine is expected to pay a dividend of $3.20 per share for the foreseeable future. She purchases 100 shares of the company which are currently being traded at $32 per share. Given a required rate of return of 11%, the intrinsic value of the stock is closest to: A. $29 B. $32 C. 524

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