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Caskey Inc. is experiencing a period of growth. Dividends are expected to grow at a rate of 13.00% for the next two years and 5.00%

Caskey Inc. is experiencing a period of growth. Dividends are expected to grow at a rate of 13.00% for the next two years and 5.00% thereafter. Yesterday the corporation paid a dividend of $1.16. If the required rate of return is 8.00%, what is the intrinsic value of the stock? Submit Answer format: Currency: Round to: 2 decimal places.

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