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7 An investor has examined Home Depot stock and makes the following predictions for the future: YEAR 1 2 3 DIVIDEND $1.33 $1.51 $1.53 $1.54

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An investor has examined Home Depot stock and makes the following predictions for the future: YEAR 1 2 3 DIVIDEND $1.33 $1.51 $1.53 $1.54 The investor believes the selling price in four years will be $73.91. If the investor wants a 18.00% return to hold the stock, what intrinsic value does the investor put on Home Depot today? Submit Answer format: Currency: Round to: 2 decimal places

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