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A stock is expected to pay a dividend of $0.75 at the end of the next year. The required rate of return is 12.5%, and
A stock is expected to pay a dividend of $0.75 at the end of the next year. The required rate of return is 12.5%, and the expected constant growth rate is g = 8.5% forever. What is the stock's intrinsic value? OA) $17.82 B) $19.70 OC) $19.22 D) $18.28 E) $18.75
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