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Brentwood doesn't pay dividends right now because it's in a growth phase. You expect it to pay its first dividend of $9.55 exactly 6 years
Brentwood doesn't pay dividends right now because it's in a growth phase. You expect it to pay its first dividend of $9.55 exactly 6 years from now and continue paying that annual dividend every year thereafter. If investorsrequired rate return of is 9.1%, what is the stock's intrinsic value today? Round your answer to the nearest penny.
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