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Consider a firm that just paid a dividend of $3 per share. The firm expects dividends to grow at a constant rate of 5% per

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Consider a firm that just paid a dividend of $3 per share. The firm expects dividends to grow at a constant rate of 5% per year. The risk-free rate is 3%, the market return is 6.5% and the beta for the firm is 1.8 - Calculate the intrinsic value of the firm's stock

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