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A stock is expected to pay a $2.30 dividend next period. Dividends are expected to grow at a constant rate of 2.4%. If the required

A stock is expected to pay a $2.30 dividend next period. Dividends are expected to grow at a constant rate of 2.4%. If the required return of the stock is 16.5%, what will the intrinsic value of the stock be in 9 periods, just after the 9th dividend is paid?

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