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BPC , Inc. increases its dividend each year. Last year it paid an annual dividend ( D 0 ) of $ 9 a share. Future

BPC, Inc. increases its dividend each year. Last year it paid an annual dividend (D0) of $9 a share. Future dividends will increase by 4% annually for the foreseeable future. What is the current intrinsic value of this stock if the discount rate is 13%?

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