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A stock currently pays a dividend of $2.5 for the year. Expected dividend growth is 18% for the next three years and then growth is
A stock currently pays a dividend of $2.5 for the year. Expected dividend growth is 18% for the next three years and then growth is expected to revert to 6% thereafter for an indefinite amount of time. The appropriate required rate of return is 9%. What is this stocks intrinsic value?
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