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62. Jeff is interested in BEC stock. BECs earnings and dividends are expected to grow at constant rate of 4% per year for the foreseeable
62. Jeff is interested in BEC stock. BECs earnings and dividends are expected to grow at constant rate of 4% per year for the foreseeable future. If Jeffs required rate of return is 16%, what is the intrinsic value of BEC stock if it is currently paying a dividend of $7.20?
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