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A stocks next 3 dividends are as follows: $0.50, 0, $1.00. After that, the stock is expected to grow at a rate of 2% indefinitely.
A stocks next 3 dividends are as follows: $0.50, 0, $1.00. After that, the stock is expected to grow at a rate of 2% indefinitely. The required return on this stock is 12%. Compute its intrinsic value.
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