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Firm XYZ just paid a dividend of $6.00 this year, and its dividend is expected to grow at 30% for the next year. After you

Firm XYZ just paid a dividend of $6.00 this year, and its dividend is expected to grow at 30% for the next year. After you receive all the next year's dividend, you expect to sell the stock at $100 immediately. Assume that the discount rate is 20% and dividends are paid quarterly. What is the intrinsic value of the stock?

A. 89.18

B.85.07

C.88.65

D.91.52

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