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Consider a company which just paid an annual dividend of 2.2 per share. The expected ROE is 0.117 . The required rate of return is

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Consider a company which just paid an annual dividend of 2.2 per share. The expected ROE is 0.117 . The required rate of return is 0.095 . If the firm has a payout ratio of 0.36 , its intrinsic value using the DDM should be: 117.54124.13130.94137.82111.67

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