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A stock just paid a dividend this morning of $1.46. Dividends are expected to grow at 10.00% for the next two years. After year 2,
A stock just paid a dividend this morning of $1.46. Dividends are expected to grow at 10.00% for the next two years. After year 2, dividends are expected to grow at 8.35% for the following three years. At that point, dividends are expected to grow at a rate of 6.00% forever. If investors require a return of 13.00% to own the stock, what is its intrinsic value
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