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b. What is the expected return? Melissa Cutt is thinking about buying some shares of EZLawn Equipment, at $38.10 per share. She expects the price

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b. What is the expected return?

Melissa Cutt is thinking about buying some shares of EZLawn Equipment, at $38.10 per share. She expects the price of the stock to rise to $47.69 over the next 3 years. During that time she also expects to receive annual dividends of $3.28 per share. a. What is the intrinsic worth of this stock, given a required rate of return of 11% ? b. What is its expected return? a. The intrinsic worth of this stock is $ ('Round to the nearest cent.)

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