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Help Me Understand the correct answer. A company paid a dividend today of $5.13. The dividend is expected to grow at 4.4% per year. The

Help Me Understand the correct answer.

A company paid a dividend today of $5.13. The dividend is expected to grow at 4.4% per year. The stock's cost of equity is 7.1%. What is the intrinsic value of this stock? Show your answer in pennies without the dollar sign. E.g. 9.99

Correct Answer 198.36 mar

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