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A company paid a dividend today of $3.99. The dividend is expected to grow at 4.6% per year. The stock's cost of equity is 6,3%.

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A company paid a dividend today of $3.99. The dividend is expected to grow at 4.6% per year. The stock's cost of equity is 6,3%. What is the intrinsic value of this stock? Show your answer in pennies without the dollar sign. Eg 9.99

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