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Constant Growth DDM A stock just paid a dividend of $1.10 per share. Dividends are expected to grow at a constant rate of 10% per

Constant Growth DDM A stock just paid a dividend of $1.10 per share. Dividends are expected to grow at a constant rate of 10% per year forever. Investors expect and require a 15% return on this investment. The intrinsic value of this stock is __________. Multiple Choice $23.64 $24.20 $23.79 $23.95

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