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Cheers Inc. is a beverage producer. It pays a dividend of $1 per share to its shareholders, which is likely to remain constant over an
Cheers Inc. is a beverage producer. It pays a dividend of $1 per share to its shareholders, which is likely to remain constant over an indefinite time period.Compute the expected intrinsic price of the stock in year 5. Assume that a) All stocks are fairly priced such that the intrinsic and market values are equal. b) Dividends are paid at the beginning of the year. Please show workings
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