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Edwin Inc.'s most recent annual dividend paid to shareholders was $2.00 per share (Do = $2.00). The dividend is expected to grow at a rate
Edwin Inc.'s most recent annual dividend paid to shareholders was $2.00 per share (Do = $2.00). The dividend is expected to grow at a rate of 4% per year indefinitely. If the market requires a 9.6% return on investments of this type, what is the intrinsic value (price) of Edwin's stock today? $36.91 B $38.76 $38.22 D $37.14 E) None of the above
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