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Burford Specialties just paid a dividend of $ 1 . 0 0 , and they also just released a new product that is expected to
Burford Specialties just paid a dividend of $ and they also just released a new product that is expected to increase revenue by in the first year and in the second year ter which revenue is expected to grow at a constant from the third year on Burford's required return onm equity is Given these data, what is the intrinsic vallue of Burford's stock after relasing the new product? Report your answer to the penny.
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