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A stock just paid an annual dividend of $5.5. The dividend is expected to grow by 4% per year for the next 4 years. In
A stock just paid an annual dividend of $5.5. The dividend is expected to grow by 4% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 23 and the payout ratio to be 60%. The required rate of return is 8%.
Part 1 What is the intrinsic value of the stock? 0+ decimals
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