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7. Madonna Pen Corp. just paid a $1.50 per share dividend on its common stock. The company expects to be able to increase its dividend

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7. Madonna Pen Corp. just paid a $1.50 per share dividend on its common stock. The company expects to be able to increase its dividend by an annual growth rate of 6% for the foreseeable future, what is the intrinsic value of the company's stock if investors demand a rate of return of 11967(4 points) Your Answer Intrinsic Value Supporting Calculations Required

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