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Danny is considering a stock purchase. The stock pays a constant annual dividend of $2.00 per share and is currently trading at $20.00 per share.
Danny is considering a stock purchase. The stock pays a constant annual dividend of $2.00 per share and is currently trading at $20.00 per share. Dannys required rate of return is 10%. What is the intrinsic value of this stock? (Round to the nearest penny if necessary)
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