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Exquisite Corp. stock is currently trading at $22 per share. If Exquisite pays a dividend of $1.00 per share and has an earnings growth rate

Exquisite Corp. stock is currently trading at $22 per share. If Exquisite pays a dividend of $1.00 per share and has an earnings growth rate of 5%, then an investor with a 10% required rate of return would determine the stock is undervalued and buy it. True False

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