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A stock paid a $10 dividend last year. Dividends are expected to grow 30% for years 1 and 2, 15% for years 3 to 5,

A stock paid a $10 dividend last year. Dividends are expected to grow 30% for years 1 and 2, 15% for years 3 to 5, and then 5% from year 6. The required rate of return on equity is 10%. Compute the intrinsic value of this stock.

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