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A stock has a fairly stable dividend. It just paid a dividend of $0.77 and it has a stable dividend growth rate of 3.4% per
A stock has a fairly stable dividend. It just paid a dividend of $0.77 and it has a stable dividend growth rate of 3.4% per year. If an investor's required return is 9.52%, then what it the estimated intrinsic value using the constant state DDM? State your answer as a dollar amount with two decimal places.
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