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A Company currently pays a dividend of $2.50 per annum. It expects to grow this by 8% per annum for the next 4 years, followed

A Company currently pays a dividend of $2.50 per annum. It expects to grow this by 8% per annum for the next 4 years, followed by a steady growth rate of 2% per annum thereafter. The expected return on the market is 9%, and the Companys beta is 1.5. What is the current intrinsic value?

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