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A stock just paid $2.95 dividend. Dividends are expected to grow at a rate of 1.6% for the foreseeable future. If the required return of

A stock just paid $2.95 dividend. Dividends are expected to grow at a rate of 1.6% for the foreseeable future. If the required return of the firm is 12.1%, what is the intrinsic value of this stock

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