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Bad Investment incorporated has promised investors to pay a $3.00 per year dividend in perpetulty. If investors want a 23.00% return on this stock based

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Bad Investment incorporated has promised investors to pay a $3.00 per year dividend in perpetulty. If investors want a 23.00% return on this stock based on the risk, what intrinsic value of the stock today? Submit Answer format: Currency. Round to: 2 decimar places Allem

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