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Growth Company stock currently has a market value equivalent to its intrinsic value. Jimbo perceives that Growth Company is increasing its level of production and

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Growth Company stock currently has a market value equivalent to its intrinsic value. Jimbo perceives that Growth Company is increasing its level of production and therefore Jimbo increases his growth rate on Growth Company's dividends. This change in the growth rate will reduce the intrinsic value of Growth Company stock to Jimbo. will increase the intrinsic value of Growth Company stock to Jimbo. will change the intrinsic value but the direction of the change cannot be determined. Question 11 (5 points) On her tenth birthday, my grandma received $100, which she invested at 4.5 percent interest, compounded annually. That investment is now worth $2,964.52. How old is she today? age 77 age 82 age 84 age 87

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