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Assume we have a stock that pays a $3.00 dividend and has a dividend growth rate of 8%. If our required rate of return is

Assume we have a stock that pays a $3.00 dividend and has a dividend growth rate of 8%. If our required rate of return is 15%, what is the intrinsic value of the stock? I am using Excel functions

A. .$49.29

B. $42.86

C. $46.29

D. None of the above

Can you give me step-by-step instructions?

Thank you, k

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