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A firm is planning on paying its first dividend of $2 three years from today. After that, dividends are expected to grow at 6% per

A firm is planning on paying its first dividend of $2 three years from today. After that, dividends are expected to grow at 6% per year indefinitely. The stock's required return is 14%. What is the intrinsic value of a share today?

Can you please answer using excel. D1/(r-g)

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