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Forresty Specialists pays a current (annual) dividend of $1 and is expected to grow at 15% for two years and then at 5% thereafter. If

image text in transcribed Forresty Specialists pays a current (annual) dividend of $1 and is expected to grow at 15% for two years and then at 5% thereafter. If the required return for Forresty Specialists is 8.5%, what is the intrinsic value of its stock? (5 points)

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