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c) Assume that you are considering the purchase of a stock which will pay dividends of kes 2 (D,) next year, and kes2.16 (D2) the

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c) Assume that you are considering the purchase of a stock which will pay dividends of kes 2 (D,) next year, and kes2.16 (D2) the following year. After receiving the second dividend, you plan on selling the stock for kes33.33. What is the intrinsic value of this stock if your required return is 15% (4mks)

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