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A corporation is expected to pay a dividend of $1.50 in the upcoming year. Dividends are expected to grow at the rate of 5% per

A corporation is expected to pay a dividend of $1.50 in the upcoming year. Dividends are expected to grow at the rate of 5% per year. The risk-free rate of return is 6%, and the expected return on the market portfolio is 14%. The stock has a beta of 0.75. What is the intrinsic value of the stock?

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