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A firm recently paid a dividend of $3 per share. Assume its dividends grow at a constant rate of 6% per year. If you hold

A firm recently paid a dividend of $3 per share. Assume its dividends grow at a constant rate of 6% per year.

  • If you hold 100 shares of the firms stock, how much dividend do you expect to receive in 3 years? (Round to 0.001
  • Whats the intrinsic value of its stock if investors require a return of 10% per year?

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