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Beximco pays a current (annual) dividend of $5 which is expected to grow at 15% for two years and then at 3% thereafter. If the
Beximco pays a current (annual) dividend of $5 which is expected to grow at 15% for two years and then at 3% thereafter. If the required return for the company is 9%, what is the intrinsic value of Beximco stock?
Please explain how you solved it step by step so I can understand how to do it, I can only use my financial calculator for my exam.
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