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A company just paid their annual dividend of $2.10. The firm expects to increase its dividend by 20% over the next year, by 10% the
A company just paid their annual dividend of $2.10. The firm expects to increase its dividend by 20% over the next year, by 10% the following year, and by 3% per year thereafter. What is the intrinsic value of one share of the firms stock if investors require an 8% return on an investment in the firms equity?
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