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Confirm that the intrinsic value of Honda using the same data as in our example, but assum- ing its beta is 1, is $23.53. (Hint:
Confirm that the intrinsic value of Honda using the same data as in our example, but assum- ing its beta is 1, is $23.53. (Hint: First calculate the discount rate and stock price in 2015. Then calculate the present value of all interim dividends plus the present value of the 2015 sales price.)
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
6th Edition
0073226386, 978-0073226385
