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7. You are forecasting a stock to pay the following dividends: $2.80 , $5.15 , $4. The dividends will then begin declining at a rate
7. You are forecasting a stock to pay the following dividends: $2.80 , $5.15 , $4. The dividends will then begin declining at a rate of 6.5% for the foreseeable future. What is the intrinsic value of this stock if the required return is 14%? The answer is 21.43
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