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A stock is expected to pay a $3.95 dividend next period. Dividends are expected to grow at a constant rate of 7.2%. If the required
A stock is expected to pay a $3.95 dividend next period. Dividends are expected to grow at a constant rate of 7.2%. If the required return of the stock is 16.5%, what will the intrinsic value of the stock be in 6 periods, just after the 6th dividend is paid?
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