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An investor has examined Home Depot stock and makes the following predictions for the future: YEAR 1 2 3 4 DIVIDEND $1.26 $1.60 $1.54 $1.51

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An investor has examined Home Depot stock and makes the following predictions for the future: YEAR 1 2 3 4 DIVIDEND $1.26 $1.60 $1.54 $1.51 The investor believes the selling price in four years will be $78.51. If the investor wants a 16.00% return to hold the stock, what intrinsic value does the investor put on Home Depot today? Submit Answer format: Currency: Round to: 2 decimal places

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