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Company XYZ predicts the following dividends: dividend in yr 1 is $ 1 . 5 0 , in yr 2 is $ 1 . 6

Company XYZ predicts the following dividends: dividend in yr 1 is $1.50, in yr 2 is $1.60, and in yr 3 is $1.75. If the projected stock price in 2 yrs is $42 per share, what should be the intrinsic value of the stock given 17% discount rate?

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