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Ehrhorn Inc. just paid a dividend of D 0 = $ 2 . 3 0 . Analysts expect the company's dividend to grow by 1

Ehrhorn Inc. just paid a dividend of D0= $2.30. Analysts expect the company's dividend to grow by 15% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this stock is 12.00%. What is the per-share estimate of the stocks intrinsic value?

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