Assume that Company XYZ just paid the dividend of $1 on its common stock (trailing over last 12 months). The dividend is expected to grow constantly at 8% in a foreseeable future. Given the required rate of return of 12%, what is the intrinsic stock price value?

Assume that Company XYZ just paid the dividend of $1 on its' common stock (trailing over last 12 months). The dividend is expected to grow constantly at 8% in a foreseeable future. Given the required rate of return of 12%, what is the intrinsic stock price value? $27 $25 $23 $21